Tamarack Valley Energy (TSE:TVE – Get Free Report) had its price objective upped by equities researchers at Canaccord Genuity Group from C$4.25 to C$4.75 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 25.99% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. National Bankshares raised their price target on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Wednesday, January 10th. BMO Capital Markets set a C$4.00 price objective on Tamarack Valley Energy and gave the company a “market perform” rating in a research report on Thursday, March 21st. Stifel Nicolaus raised their target price on Tamarack Valley Energy from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada raised their target price on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Raymond James lowered their price objective on Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$4.85.
Read Our Latest Report on Tamarack Valley Energy
Tamarack Valley Energy Stock Performance
Tamarack Valley Energy (TSE:TVE – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.10 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.04. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. The company had revenue of C$418.86 million during the quarter. Equities research analysts predict that Tamarack Valley Energy will post 0.2799189 earnings per share for the current year.
Insiders Place Their Bets
In other news, Senior Officer Christine Ezinga acquired 21,150 shares of Tamarack Valley Energy stock in a transaction on Thursday, March 21st. The shares were acquired at an average price of C$3.74 per share, with a total value of C$79,012.17. In related news, Senior Officer Christine Ezinga bought 21,150 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of C$3.74 per share, with a total value of C$79,012.17. Also, Senior Officer Scott Shimek bought 8,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were bought at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Insiders have bought a total of 47,718 shares of company stock valued at $178,867 in the last quarter. 1.15% of the stock is currently owned by insiders.
About Tamarack Valley Energy
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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