Tamarack Valley Energy (TSE:TVE) PT Raised to C$5.25 at CIBC

Tamarack Valley Energy (TSE:TVE) had its target price upped by investment analysts at CIBC from C$4.50 to C$5.25 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 38.52% from the stock’s previous close.

Several other analysts have also recently issued reports on TVE. National Bankshares increased their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Raymond James reduced their price target on shares of Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Canaccord Genuity Group increased their price objective on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research report on Wednesday, April 17th. BMO Capital Markets set a C$4.00 target price on shares of Tamarack Valley Energy and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus lifted their price target on Tamarack Valley Energy from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$4.93.

Tamarack Valley Energy Stock Performance

Shares of TVE traded up C$0.02 on Monday, reaching C$3.79. The company’s stock had a trading volume of 1,174,092 shares, compared to its average volume of 2,250,673. The stock’s 50 day simple moving average is C$3.63 and its two-hundred day simple moving average is C$3.51. The company has a debt-to-equity ratio of 43.39, a current ratio of 0.52 and a quick ratio of 0.80. The stock has a market capitalization of C$2.06 billion, a P/E ratio of 22.29 and a beta of 2.59. Tamarack Valley Energy has a 12-month low of C$2.76 and a 12-month high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.04. The firm had revenue of C$418.86 million during the quarter. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. Research analysts forecast that Tamarack Valley Energy will post 0.2799189 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Brian Leslie Schmidt purchased 8,673 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of C$3.55 per share, for a total transaction of C$30,789.15. In other news, Senior Officer Scott Shimek bought 8,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Also, Senior Officer Brian Leslie Schmidt purchased 8,673 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of C$3.55 per share, for a total transaction of C$30,789.15. In the last three months, insiders acquired 47,718 shares of company stock valued at $178,867. Insiders own 1.15% of the company’s stock.

Tamarack Valley Energy 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.