Tamarack-Valley-Energy-Ltd (TVE) Downgraded by Royal Bank of Canada

Royal Bank of Canada lowered shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) from a sector perform rating to an underperform rating in a research note published on Thursday. The brokerage currently has C$2.75 price target on the oil and natural gas company’s stock, up from their prior price target of C$2.50.

TVE has been the subject of several other reports. Laurentian increased their price target on Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research report on Friday, October 6th. National Bank Financial increased their price target on Tamarack-Valley-Energy-Ltd from C$3.75 to C$4.00 and gave the company an outperform rating in a research report on Wednesday. Raymond James Financial, Inc. increased their price target on Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an outperform rating in a research report on Thursday. Finally, Laurentian Bank of Canada increased their price target on Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a research report on Friday, October 6th.

Tamarack-Valley-Energy-Ltd (TSE TVE) opened at C$2.91 on Thursday. Tamarack-Valley-Energy-Ltd has a 52-week low of C$1.96 and a 52-week high of C$3.71.

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In other Tamarack-Valley-Energy-Ltd news, insider Gmt Capital Corp acquired 42,500 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were purchased at an average price of C$2.17 per share, for a total transaction of C$92,225.00. Insiders acquired 175,200 shares of company stock worth $358,756 in the last 90 days.

Tamarack-Valley-Energy-Ltd 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.

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