Tamarack-Valley-Energy-Ltd (TVE) Receives C$4.15 Consensus PT from Analysts

Shares of Tamarack-Valley-Energy-Ltd (CVE:TVE) have earned an average rating of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$4.15.

TVE has been the subject of a number of analyst reports. National Bank Financial increased their price target on Tamarack-Valley-Energy from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Raymond James Financial increased their price target on Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Royal Bank of Canada lowered Tamarack-Valley-Energy from a “sector perform” rating to an “underperform” rating and increased their price target for the company from C$2.50 to C$2.75 in a research report on Thursday, November 9th. BMO Capital Markets raised Tamarack-Valley-Energy from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$3.50 to C$4.25 in a research report on Monday, December 4th. Finally, Desjardins reissued a “buy” rating and issued a C$4.00 price target on shares of Tamarack-Valley-Energy in a research report on Monday, December 18th.

Tamarack-Valley-Energy has a 12 month low of C$2.11 and a 12 month high of C$7.85.

In other Tamarack-Valley-Energy news, insider Ronald Steve Hozjan sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of C$2.65, for a total value of C$106,000.00. Also, insider Ken Cruikshank sold 18,400 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of C$2.65, for a total value of C$48,760.00. Over the last three months, insiders purchased 24,300 shares of company stock valued at $60,033 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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