Tamarack Valley Energy (TSE:TVE) Given New C$6.00 Price Target at BMO Capital Markets

Tamarack Valley Energy (TSE:TVE) had its price target hoisted by analysts at BMO Capital Markets from C$5.50 to C$6.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 36.67% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TVE. Royal Bank of Canada lifted their target price on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Acumen Capital boosted their price target on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. CIBC boosted their price target on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.50.

Tamarack Valley Energy Price Performance

Shares of Tamarack Valley Energy stock traded down C$0.03 during trading on Friday, reaching C$4.39. The company’s stock had a trading volume of 581,280 shares, compared to its average volume of 2,426,521. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$4.70. The company has a market capitalization of C$2.39 billion, a P/E ratio of 19.09 and a beta of 2.49. The business has a 50 day moving average price of C$4.27 and a 200-day moving average price of C$3.98. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72.

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.