Tamarack Valley Energy Ltd (TSE:TVE) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$1.91.
TVE has been the topic of several analyst reports. CIBC increased their price target on Tamarack Valley Energy from C$1.50 to C$1.75 in a report on Monday, July 13th. Raymond James set a C$1.00 price target on Tamarack Valley Energy and gave the company a “market perform” rating in a report on Monday, July 13th. Cormark raised their price objective on shares of Tamarack Valley Energy from C$1.40 to C$1.65 in a research note on Friday, July 17th. Finally, National Bank Financial raised their price objective on shares of Tamarack Valley Energy from C$1.25 to C$1.50 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th.
TVE stock traded down C$0.03 during midday trading on Wednesday, hitting C$0.75. 563,064 shares of the company traded hands, compared to its average volume of 972,451. Tamarack Valley Energy has a twelve month low of C$0.39 and a twelve month high of C$2.27. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 44.77. The business has a 50 day simple moving average of C$0.89 and a 200-day simple moving average of C$0.82. The stock has a market capitalization of $172.55 million and a price-to-earnings ratio of -0.51.
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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