Cormark Comments on Tamarack-Valley-Energy-Ltd’s Q1 2017 Earnings (TVE)
Tamarack-Valley-Energy-Ltd (TSE:TVE) – Equities research analysts at Cormark issued their Q1 2017 earnings estimates for shares of Tamarack-Valley-Energy-Ltd in a research report issued to clients and investors on Tuesday. Cormark analyst A. Arif anticipates that the firm will post earnings per share of ($0.02) for the quarter. Cormark also issued estimates for Tamarack-Valley-Energy-Ltd’s Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at ($0.01) EPS and Q4 2017 earnings at $0.00 EPS.
Several other equities analysts have also commented on the company. BMO Capital Markets lowered Tamarack-Valley-Energy-Ltd from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 30th. Royal Bank Of Canada decreased their price target on Tamarack-Valley-Energy-Ltd from C$5.00 to C$4.50 in a research note on Thursday, July 14th. Desjardins upped their price target on Tamarack-Valley-Energy-Ltd from C$4.75 to C$5.25 in a research note on Wednesday, July 13th. FirstEnergy Capital reaffirmed an “outperform” rating on shares of Tamarack-Valley-Energy-Ltd in a research note on Friday, August 12th. Finally, Canaccord Genuity assumed coverage on Tamarack-Valley-Energy-Ltd in a research note on Tuesday, June 28th. They issued a “buy” rating and a C$5.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$4.69.
Tamarack-Valley-Energy-Ltd (TSE:TVE) traded up 2.12% during trading on Wednesday, reaching $3.86. The company’s stock had a trading volume of 517,317 shares. Tamarack-Valley-Energy-Ltd has a 1-year low of $2.16 and a 1-year high of $4.28. The stock has a 50 day moving average price of $3.49 and a 200 day moving average price of $3.68. The stock’s market capitalization is $528.88 million.
Tamarack-Valley-Energy-Ltd 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.
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