Tamarack-Valley-Energy’s (CVE:TVE) Buy Rating Reaffirmed at Desjardins

Desjardins reiterated their buy rating on shares of Tamarack-Valley-Energy (CVE:TVE) in a research report sent to investors on Monday, December 18th. The brokerage currently has a C$4.00 price target on the stock.

A number of other equities analysts have also issued reports on TVE. Raymond James Financial increased their price objective on Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the stock an outperform rating in a report on Monday, September 11th. Laurentian Bank of Canada increased their price objective on Tamarack-Valley-Energy from C$4.25 to C$4.75 in a report on Friday, October 6th. Laurentian increased their price objective on Tamarack-Valley-Energy from C$4.25 to C$4.75 in a report on Friday, October 6th. National Bank Financial increased their price objective on Tamarack-Valley-Energy from C$3.75 to C$4.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Finally, Royal Bank of Canada downgraded Tamarack-Valley-Energy from a sector perform rating to an underperform rating and upped their target price for the stock from C$2.50 to C$2.75 in a research report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of C$4.09.

Tamarack-Valley-Energy has a fifty-two week low of C$2.11 and a fifty-two week high of C$7.85.

In related news, insider Gmt Capital Corp acquired 42,500 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was bought at an average price of C$2.17 per share, for a total transaction of C$92,225.00. Also, insider Ronald Steve Hozjan sold 20,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$2.81, for a total value of C$56,200.00. Over the last 90 days, insiders acquired 90,400 shares of company stock valued at $198,638 and sold 78,400 shares valued at $210,960.

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About Tamarack-Valley-Energy

Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.

Analyst Recommendations for Tamarack-Valley-Energy (CVE:TVE)

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