Raymond James Financial, Inc. Increases Tamarack-Valley-Energy-Ltd (TVE) Price Target to C$3.75
Tamarack-Valley-Energy-Ltd (TSE:TVE) had its price objective raised by stock analysts at Raymond James Financial, Inc. from C$3.50 to C$3.75 in a report issued on Monday. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 48.81% from the company’s previous close.
A number of other brokerages also recently weighed in on TVE. Royal Bank Of Canada lowered their price target on Tamarack-Valley-Energy-Ltd from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Tuesday, May 16th. Canaccord Genuity downgraded Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and lowered their price target for the company from C$4.00 to C$2.50 in a report on Tuesday, July 11th.
Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 2.52 on Monday. The firm’s market capitalization is $573.69 million. The firm has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.46. Tamarack-Valley-Energy-Ltd has a 52 week low of $1.96 and a 52 week high of $3.89.
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In other Tamarack-Valley-Energy-Ltd news, insider Gmt Capital Corp purchased 67,400 shares of the stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of C$1.72 per share, for a total transaction of C$115,928.00. Insiders have bought 245,800 shares of company stock worth $430,526 in the last quarter.
Tamarack-Valley-Energy-Ltd Company Profile
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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