Tamarack-Valley-Energy-Ltd (TVE) PT Raised to C$4.75
Tamarack-Valley-Energy-Ltd (TSE:TVE) had its price objective increased by equities research analysts at Laurentian from C$4.25 to C$4.75 in a note issued to investors on Friday. Laurentian’s price objective points to a potential upside of 75.28% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Laurentian Bank of Canada lifted their price objective on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research note on Friday. Raymond James Financial, Inc. lifted their price objective on shares of Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a research note on Monday, September 11th. Finally, Canaccord Genuity cut shares of Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$4.00 to C$2.50 in a research note on Tuesday, July 11th.
Tamarack-Valley-Energy-Ltd (TSE TVE) traded down 1.85% during mid-day trading on Friday, reaching $2.66. 156,700 shares of the company were exchanged. The stock’s market capitalization is $605.56 million. The company’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.45. Tamarack-Valley-Energy-Ltd has a 12-month low of $1.96 and a 12-month high of $3.89.
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In other news, insider Gmt Capital Corp bought 23,900 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of C$1.98 per share, with a total value of C$47,322.00. Over the last three months, insiders acquired 142,500 shares of company stock worth $262,108.
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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