Tamarack-Valley-Energy-Ltd (TVE) Rating Reiterated by Royal Bank Of Canada
Tamarack-Valley-Energy-Ltd (TSE:TVE)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a C$4.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 25.00% from the company’s previous close.
Other analysts also recently issued research reports about the stock. FirstEnergy Capital restated an “outperform” rating on shares of Tamarack-Valley-Energy-Ltd in a report on Friday, August 12th. Desjardins raised their price objective on shares of Tamarack-Valley-Energy-Ltd from C$4.75 to C$5.25 in a report on Wednesday, July 13th. National Bank Financial decreased their price objective on shares of Tamarack-Valley-Energy-Ltd from C$5.50 to C$4.75 in a report on Wednesday, August 3rd. RBC Capital Markets downgraded shares of Tamarack-Valley-Energy-Ltd from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$4.50 to C$4.00 in a report on Thursday, November 3rd. Finally, CIBC raised their price objective on shares of Tamarack-Valley-Energy-Ltd from C$4.50 to C$5.00 in a report on Friday, November 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$4.64.
Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 3.20 on Wednesday. The company’s market cap is $438.45 million. The stock’s 50 day moving average is $3.52 and its 200-day moving average is $3.63. Tamarack-Valley-Energy-Ltd has a one year low of $2.16 and a one year high of $4.28.
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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