Tamarack-Valley-Energy (CVE:TVE) Stock Rating Reaffirmed by Desjardins

Desjardins reissued their buy rating on shares of Tamarack-Valley-Energy (CVE:TVE) in a report published on Monday, December 18th. The brokerage currently has a C$4.00 price objective on the stock.

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

Tamarack-Valley-Energy has a one year low of C$2.11 and a one year high of C$7.85.

In other news, insider Ken Cruikshank sold 18,400 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of C$2.65, for a total value of C$48,760.00. Also, insider Gmt Capital Corp purchased 16,700 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was purchased at an average price of C$2.04 per share, for a total transaction of C$34,068.00. Over the last quarter, insiders have acquired 90,400 shares of company stock worth $198,638 and have sold 78,400 shares worth $210,960.

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Tamarack-Valley-Energy Company Profile

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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