Tamarack-Valley-Energy-Ltd (TSE:TVE) – Stock analysts at Cormark dropped their Q3 2017 earnings per share (EPS) estimates for Tamarack-Valley-Energy-Ltd in a research note issued on Tuesday. Cormark analyst A. Arif now anticipates that the oil and natural gas company will post earnings per share of ($0.02) for the quarter, down from their prior forecast of ($0.01). Cormark also issued estimates for Tamarack-Valley-Energy-Ltd’s FY2019 earnings at $0.08 EPS.
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Other analysts also recently issued research reports about the stock. Laurentian Bank of Canada lifted their price target on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research report on Friday, October 6th. Raymond James Financial, Inc. lifted their price target on shares of Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research report on Monday, September 11th. Canaccord Genuity downgraded shares of Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and reduced their price target for the company from C$4.00 to C$2.50 in a research report on Tuesday, July 11th. Finally, Laurentian lifted their price target on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research report on Friday, October 6th.
Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 2.58 on Thursday. Tamarack-Valley-Energy-Ltd has a 12 month low of $1.96 and a 12 month high of $3.89. The company’s market cap is $587.34 million. The stock has a 50 day moving average of $2.63 and a 200-day moving average of $2.43.
In other news, insider Gmt Capital Corp acquired 23,900 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of C$1.98 per share, with a total value of C$47,322.00. Insiders have acquired a total of 122,800 shares of company stock worth $228,572 over the last ninety days.
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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