Cormark Comments on Tamarack-Valley-Energy-Ltd’s Q1 2017 Earnings (TVE)
Tamarack-Valley-Energy-Ltd (TSE:TVE) – Investment analysts at Cormark issued their Q1 2017 earnings per share (EPS) estimates for Tamarack-Valley-Energy-Ltd in a research report issued to clients and investors on Tuesday. Cormark analyst A. Arif anticipates that the brokerage will post earnings per share of ($0.02) for the quarter. Cormark also issued estimates for Tamarack-Valley-Energy-Ltd’s Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at ($0.01) EPS and Q4 2017 earnings at $0.00 EPS.
Several other research firms have also commented on TVE. BMO Capital Markets lowered shares of Tamarack-Valley-Energy-Ltd from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 30th. Royal Bank Of Canada reduced their target price on shares of Tamarack-Valley-Energy-Ltd from C$5.00 to C$4.50 in a report on Thursday, July 14th. Desjardins increased their target price on shares of Tamarack-Valley-Energy-Ltd from C$4.75 to C$5.25 in a report on Wednesday, July 13th. FirstEnergy Capital reissued an “outperform” rating on shares of Tamarack-Valley-Energy-Ltd in a report on Friday, August 12th. Finally, Canaccord Genuity began coverage on shares of Tamarack-Valley-Energy-Ltd in a report on Tuesday, June 28th. They issued a “buy” rating and a C$5.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$4.69.
Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) traded up 2.12% during midday trading on Wednesday, hitting $3.86. 517,317 shares of the stock were exchanged. The firm’s market cap is $528.88 million. Tamarack-Valley-Energy-Ltd has a 52-week low of $2.16 and a 52-week high of $4.28. The firm’s 50-day moving average is $3.49 and its 200 day moving average is $3.68.
Tamarack-Valley-Energy-Ltd Company Profile
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.
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