Tamarack-Valley-Energy (TVE) Price Target Raised to C$4.50

Tamarack-Valley-Energy (CVE:TVE) had its target price hoisted by GMP Securities from C$4.25 to C$4.50 in a report released on Tuesday.

A number of other analysts have also issued reports on the company. Raymond James Financial boosted their target price on Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the company an outperform rating in a research report on Thursday, November 9th. Canaccord Genuity raised Tamarack-Valley-Energy from a hold rating to a buy rating and boosted their target price for the company from C$3.50 to C$4.00 in a research report on Tuesday, January 9th. National Bank Financial boosted their target price on Tamarack-Valley-Energy from C$3.75 to C$4.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. Desjardins reissued a buy rating and issued a C$4.00 target price on shares of Tamarack-Valley-Energy in a research report on Monday, December 18th. Finally, BMO Capital Markets boosted their target price on Tamarack-Valley-Energy from C$3.50 to C$4.25 and gave the company an outperform rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$4.19.

Tamarack-Valley-Energy has a twelve month low of C$2.11 and a twelve month high of C$7.85.

In other news, insider Ronald Steve Hozjan sold 20,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$2.81, for a total transaction of C$56,200.00. Also, insider Gmt Capital Corp acquired 16,700 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were bought at an average cost of C$2.04 per share, for a total transaction of C$34,068.00. In the last three months, insiders acquired 90,400 shares of company stock worth $198,638 and sold 78,400 shares worth $210,960.

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Tamarack-Valley-Energy Company Profile

Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.

Analyst Recommendations for Tamarack-Valley-Energy (CVE:TVE)

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