Tamarack-Valley-Energy-Ltd (TVE) Stock Price Up 5.4% Following Analyst Upgrade
Tamarack-Valley-Energy-Ltd (TSE:TVE)’s share price rose 5.4% during trading on Tuesday after Raymond James Financial raised their price target on the stock from C$3.50 to C$3.75. Raymond James Financial currently has an outperform rating on the stock. Tamarack-Valley-Energy-Ltd traded as high as C$2.54 and last traded at C$2.54. Approximately 704,922 shares changed hands during trading, an increase of 85% from the average daily volume of 381,955 shares. The stock had previously closed at C$2.41.
Several other research firms also recently commented on TVE. Royal Bank Of Canada lowered their target price on shares of Tamarack-Valley-Energy-Ltd from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a research report on Tuesday, May 16th. Canaccord Genuity downgraded shares of Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$4.00 to C$2.50 in a research report on Tuesday, July 11th.
In other news, insider Gmt Capital Corp purchased 21,700 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of C$1.85 per share, for a total transaction of C$40,145.00. Insiders have acquired 253,700 shares of company stock valued at $446,654 over the last 90 days.
The stock’s market capitalization is $601.00 million. The stock’s 50 day moving average price is $2.28 and its 200-day moving average price is $2.46.
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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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