Clarus Securities Research Analysts Lift Earnings Estimates for Tamarack-Valley-Energy-Ltd (TVE)
Tamarack-Valley-Energy-Ltd (TSE:TVE) – Research analysts at Clarus Securities increased their FY2016 EPS estimates for Tamarack-Valley-Energy-Ltd in a report issued on Tuesday. Clarus Securities analyst D. Choi now anticipates that the brokerage will earn ($0.15) per share for the year, up from their prior estimate of ($0.16).
Other analysts have also issued reports about the stock. CIBC upped their price target on shares of Tamarack-Valley-Energy-Ltd from C$4.50 to C$5.00 in a research report on Friday, November 4th. National Bank Financial dropped their price target on shares of Tamarack-Valley-Energy-Ltd from C$5.50 to C$4.75 in a research report on Wednesday, August 3rd. FirstEnergy Capital reaffirmed an “outperform” rating on shares of Tamarack-Valley-Energy-Ltd in a research report on Friday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$4.00 price target on shares of Tamarack-Valley-Energy-Ltd in a research report on Wednesday. Finally, RBC Capital Markets lowered shares of Tamarack-Valley-Energy-Ltd from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$4.50 to C$4.00 in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$4.64.
Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 3.10 on Friday. The company’s market capitalization is $424.75 million. Tamarack-Valley-Energy-Ltd has a one year low of $2.16 and a one year high of $4.28. The company’s 50-day moving average is $3.51 and its 200 day moving average is $3.62.
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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