Tamarack Valley Energy (TSE:TVE) PT Set at C$5.00 by Desjardins

Tamarack Valley Energy (TSE:TVE) received a C$5.00 price objective from equities researchers at Desjardins in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 35.87% from the company’s current price.

TVE has been the topic of a number of other research reports. Cormark upped their target price on shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a research note on Thursday, May 9th. Royal Bank of Canada raised their target price on shares of Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Thursday, February 29th. BMO Capital Markets set a C$4.00 target price on shares of Tamarack Valley Energy and gave the stock a “market perform” rating in a report on Thursday, March 21st. ATB Capital reduced their target price on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, Stifel Nicolaus raised their target price on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.98.

Tamarack Valley Energy Stock Down 0.5 %

TVE stock opened at C$3.68 on Tuesday. The stock has a market capitalization of C$2.03 billion, a P/E ratio of 33.45 and a beta of 2.59. The company has a debt-to-equity ratio of 45.81, a quick ratio of 0.80 and a current ratio of 0.67. Tamarack Valley Energy has a one year low of C$2.76 and a one year high of C$4.34. The company has a 50 day moving average price of C$3.68 and a two-hundred day moving average price of C$3.47.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.10). The company had revenue of C$393.34 million during the quarter. Tamarack Valley Energy had a net margin of 4.16% and a return on equity of 2.78%. As a group, sell-side analysts expect that Tamarack Valley Energy will post 0.1714964 EPS for the current year.

Insider Activity at Tamarack Valley Energy

In other news, Senior Officer Scott Shimek bought 8,500 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were acquired at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. In related news, Senior Officer Christine Ezinga purchased 15,570 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of C$3.58 per share, for a total transaction of C$55,740.60. Also, Senior Officer Scott Shimek purchased 8,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$4.08 per share, for a total transaction of C$34,680.00. In the last three months, insiders have bought 122,060 shares of company stock worth $445,850. 1.21% of the stock is owned by 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.