Laurentian Bank of Canada Boosts Tamarack-Valley-Energy-Ltd (TVE) Price Target to C$4.75
Tamarack-Valley-Energy-Ltd (TSE:TVE) had its price target upped by Laurentian Bank of Canada from C$4.25 to C$4.75 in a report released on Friday morning, StockTargetPrices.com reports.
Other equities analysts have also recently issued research reports about the company. Canaccord Genuity cut Tamarack-Valley-Energy-Ltd from a buy rating to a hold rating and cut their price objective for the company from C$4.00 to C$2.50 in a report on Tuesday, July 11th. Raymond James Financial, Inc. lifted their price objective on Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an outperform rating in a report on Monday, September 11th.
Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 2.68 on Friday. The stock’s market capitalization is $610.11 million. Tamarack-Valley-Energy-Ltd has a 1-year low of $1.96 and a 1-year high of $3.89. The firm’s 50-day moving average is $2.55 and its 200-day moving average is $2.44.
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In other Tamarack-Valley-Energy-Ltd news, insider Gmt Capital Corp acquired 23,900 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of C$1.98 per share, for a total transaction of C$47,322.00. Insiders have bought a total of 137,200 shares of company stock worth $253,469 in the last quarter.
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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