Tamarack Valley Energy (TSE:TVE) Stock Price Expected to Rise, Acumen Capital Analyst Says

Tamarack Valley Energy (TSE:TVE) had its price objective hoisted by equities research analysts at Acumen Capital from C$7.50 to C$10.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s target price points to a potential upside of 8.58% from the stock’s previous close.

Several other research analysts have also commented on the company. ATB Cormark Capital Markets raised their price target on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins increased their target price on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets raised their target price on Tamarack Valley Energy from C$9.00 to C$11.00 in a report on Friday, November 21st. Royal Bank Of Canada boosted their price target on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Canaccord Genuity Group boosted their price objective on Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.11.

Tamarack Valley Energy Trading Up 1.5%

TVE stock traded up C$0.14 during mid-day trading on Thursday, hitting C$9.67. 1,024,740 shares of the company were exchanged, compared to its average volume of 1,771,631. Tamarack Valley Energy has a 12-month low of C$3.10 and a 12-month high of C$10.05. The firm has a market capitalization of C$4.71 billion, a P/E ratio of -56.88 and a beta of 0.87. The business has a fifty day simple moving average of C$8.71 and a 200-day simple moving average of C$7.18. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 EPS for the quarter. Tamarack Valley Energy had a net margin of 13.48% and a return on equity of 9.89%. The firm had revenue of C$304.60 million for the quarter. On average, equities research analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

About Tamarack Valley Energy

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.