Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,241,500 shares, a growth of 382.5% from the December 15th total of 257,300 shares. Based on an average daily volume of 228,800 shares, the days-to-cover ratio is currently 5.4 days.
TNEYF stock opened at $3.75 on Friday. Tamarack Valley Energy has a one year low of $1.01 and a one year high of $3.75. The company’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $2.52.
A number of equities analysts have weighed in on the stock. Raymond James increased their target price on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research report on Thursday, October 28th. National Bank Financial increased their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, September 29th. Desjardins increased their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.50 and gave the stock a “buy” rating in a report on Monday, November 1st. Royal Bank of Canada increased their price target on shares of Tamarack Valley Energy from C$5.00 to C$6.00 in a report on Friday. Finally, increased their price target on shares of Tamarack Valley Energy from C$3.75 to C$4.00 and gave the stock a “hold” rating in a report on Thursday, October 28th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $4.97.
Tamarack Valley Energy Ltd. is an oil and gas exploration and production company, which engages in the identification, evaluation, and operation of resource plays in the Western Canadian Sedimentary Basin. Its portfolio includes Cardium Oil, and Viking Oil. The company was founded on March 6, 2002 and is headquartered in Calgary, Canada.
See Also: How dollar cost averaging works
Receive News & Ratings for Tamarack Valley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tamarack Valley Energy and related companies with MarketBeat.com's FREE daily email newsletter.