Tamarack Valley Energy (TSE:TVE – Get Free Report) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.
A number of other brokerages also recently commented on TVE. Royal Bank Of Canada increased their price target on Tamarack Valley Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Canaccord Genuity Group raised Tamarack Valley Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$12.00 to C$15.00 in a research report on Friday, May 29th. Roth Capital set a C$15.00 price objective on Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, May 19th. Raymond James Financial raised Tamarack Valley Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$12.00 to C$15.00 in a research report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Tamarack Valley Energy from C$14.25 to C$15.25 and gave the stock an “outperformer” rating in a research note on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$13.28.
Get Our Latest Research Report on Tamarack Valley Energy
Tamarack Valley Energy Trading Up 2.9%
Tamarack Valley Energy (TSE:TVE – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%.The firm had revenue of C$375.55 million for the quarter. On average, equities analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.
Insider Transactions at Tamarack Valley Energy
In related news, Director Robert Spitzer sold 10,000 shares of Tamarack Valley Energy stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$13.02, for a total value of C$130,200.00. Following the sale, the director owned 424,442 shares of the company’s stock, valued at approximately C$5,526,234.84. The trade was a 2.30% decrease in their position. Also, Director Rene Amirault acquired 78,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of C$13.09 per share, for a total transaction of C$1,027,565.00. Following the purchase, the director owned 454,602 shares of the company’s stock, valued at C$5,950,740.18. The trade was a 20.87% increase in their position. 1.32% of the stock is currently owned by company insiders.
Tamarack Valley Energy 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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