Tamarack Valley Energy (TSE:TVE) Upgraded at Raymond James Financial

Tamarack Valley Energy (TSE:TVE) was upgraded by Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. The firm currently has a C$15.00 price target on the stock, up from their prior price target of C$12.00. Raymond James Financial’s price target points to a potential upside of 19.71% from the company’s current price.

A number of other equities analysts also recently issued reports on TVE. Canaccord Genuity Group raised their price target on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Roth Mkm set a C$15.00 price target on Tamarack Valley Energy and gave the stock a “buy” rating in a research note on Tuesday, May 19th. National Bank Financial raised their price target on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Acumen Capital raised their price target on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, ATB Cormark Capital Markets raised their price target on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$12.73.

Tamarack Valley Energy Stock Down 2.9%

Shares of Tamarack Valley Energy stock traded down C$0.37 on Friday, reaching C$12.53. The company’s stock had a trading volume of 1,091,828 shares, compared to its average volume of 2,187,481. The company has a market capitalization of C$5.99 billion, a price-to-earnings ratio of -69.61 and a beta of 0.46. The firm’s fifty day simple moving average is C$11.86 and its two-hundred day simple moving average is C$9.75. Tamarack Valley Energy has a 52 week low of C$4.35 and a 52 week high of C$13.97. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62.

Tamarack Valley Energy (TSE:TVE) last posted its earnings results on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%. Equities analysts anticipate that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

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.