Tamarack-Valley-Energy-Ltd (CVE:TVE) shares fell 2.4% during mid-day trading on Tuesday . The stock traded as low as C$2.83 and last traded at C$2.84. 223,127 shares changed hands during trading, a decline of 73% from the average session volume of 832,242 shares. The stock had previously closed at C$2.91.
TVE has been the topic of several research reports. Laurentian Bank of Canada upped their target price on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research note on Friday, October 6th. Raymond James Financial, Inc. upped their target price on shares of Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research note on Monday, September 11th. Royal Bank Of Canada cut shares of Tamarack-Valley-Energy-Ltd from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$2.50 to C$2.75 in a research note on Thursday, November 9th. National Bank Financial upped their target price on shares of Tamarack-Valley-Energy-Ltd from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Laurentian upped their target price on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research note on Friday, October 6th.
In other news, insider Gmt Capital Corp purchased 21,300 shares of Tamarack-Valley-Energy-Ltd stock in a transaction on Wednesday, November 1st. The shares were purchased at an average cost of C$2.36 per share, for a total transaction of C$50,268.00. Over the last 90 days, insiders acquired 153,500 shares of company stock worth $322,126.
Tamarack-Valley-Energy-Ltd Company Profile
Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.
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