Tamarack Valley Energy (TSE:TVE) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Tamarack Valley Energy (TSE:TVE) had its target price increased by equities research analysts at ATB Cormark Capital Markets from C$9.50 to C$11.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 18.92% from the company’s current price.

TVE has been the topic of several other reports. Raymond James Financial cut Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. BMO Capital Markets upped their price objective on shares of Tamarack Valley Energy from C$9.00 to C$11.00 in a research note on Friday, November 21st. National Bank Financial increased their price objective on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce boosted their target price on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Desjardins upped their target price on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.11.

Tamarack Valley Energy Price Performance

TVE stock traded up C$0.14 during midday trading on Thursday, reaching C$9.67. 1,024,740 shares of the stock were exchanged, compared to its average volume of 1,771,631. Tamarack Valley Energy has a 52 week low of C$3.10 and a 52 week high of C$10.05. The company has a fifty day moving average price of C$8.71 and a 200 day moving average price of C$7.18. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The stock has a market capitalization of C$4.71 billion, a PE ratio of -56.88 and a beta of 0.87.

Tamarack Valley Energy (TSE:TVE) last announced its earnings results on Wednesday, February 25th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$304.60 million for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%. As a group, analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

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.