Tamarack Valley Energy (TSE:TVE) PT Set at C$15.00 by Roth Mkm

Tamarack Valley Energy (TSE:TVE) has been given a C$15.00 price objective by research analysts at Roth Mkm in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 11.03% from the stock’s previous close.

A number of other research firms have also recently weighed in on TVE. Canaccord Genuity Group boosted their target price on shares of Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Desjardins boosted their target price on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada boosted their target price on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Acumen Capital boosted their target price on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$10.90.

Tamarack Valley Energy Stock Performance

TVE traded up C$0.17 during midday trading on Tuesday, reaching C$13.51. The company had a trading volume of 1,354,961 shares, compared to its average volume of 2,211,744. The company has a debt-to-equity ratio of 37.62, a quick ratio of 0.80 and a current ratio of 0.69. The stock has a market cap of C$6.46 billion, a PE ratio of -75.06 and a beta of 0.46. Tamarack Valley Energy has a 12-month low of C$4.27 and a 12-month high of C$13.97. The business has a 50-day moving average price of C$11.53 and a two-hundred day moving average price of C$9.39.

Tamarack Valley Energy (TSE:TVE) last released its earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$375.55 million for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. On average, sell-side analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

About Tamarack Valley Energy

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.