Tamarack Valley Energy (TSE:TVE) had its price objective reduced by investment analysts at Raymond James from C$5.00 to C$3.50 in a research report issued on Thursday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 69.90% from the company’s previous close.
Other analysts have also recently issued reports about the company. National Bank Financial reduced their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Eight Capital raised their price target on Tamarack Valley Energy from C$4.00 to C$4.25 in a report on Friday, May 10th. GMP Securities reissued a “buy” rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $7.50 price target on shares of in a report on Tuesday.
Tamarack Valley Energy stock opened at C$2.06 on Thursday. Tamarack Valley Energy has a twelve month low of C$1.81 and a twelve month high of C$5.20. The stock’s 50 day moving average is C$2.12. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 25.12. The firm has a market cap of $473.16 million and a PE ratio of 15.73.
In other news, Senior Officer Ken Cruikshank sold 160,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of C$2.84, for a total value of C$454,240.00. Following the completion of the sale, the insider now directly owns 67,555 shares of the company’s stock, valued at approximately C$191,788.65.
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.
Featured Article: Risk Tolerance
Receive News & Ratings for Tamarack Valley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tamarack Valley Energy and related companies with MarketBeat.com's FREE daily email newsletter.