Tamarack Valley Energy (TSE:TVE) Hits New 12-Month High After Analyst Upgrade

Tamarack Valley Energy Ltd (TSE:TVE)’s share price reached a new 52-week high on Friday after National Bank Financial raised their price target on the stock from C$10.00 to C$11.50. National Bank Financial currently has an outperform rating on the stock. Tamarack Valley Energy traded as high as C$10.19 and last traded at C$10.15, with a volume of 920314 shares. The stock had previously closed at C$9.74.

Several other equities research analysts have also commented on TVE. Canaccord Genuity Group boosted their price target on shares of Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a “hold” rating in a report on Thursday. Desjardins lifted their price objective on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Thursday. Acumen Capital upped their target price on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial downgraded Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, ATB Cormark Capital Markets boosted 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. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tamarack Valley Energy presently has an average rating of “Moderate Buy” and an average target price of C$10.11.

Tamarack Valley Energy News Roundup

Here are the key news stories impacting Tamarack Valley Energy this week:

• Positive Sentiment: National Bank Financial raised its target to C$11.50 and moved to an “outperform” — implying ~18% upside vs the C$9.74 reference price. Article Title
• Positive Sentiment: ATB Cormark Capital Markets increased its target to C$11.50 and keeps an “outperform” rating — also ~18% upside, signaling stronger analyst conviction on growth/returns. Article Title
• Positive Sentiment: Desjardins raised its target to C$10.50 and reaffirmed a “buy” rating — about 7.8% upside; another vote of confidence from a buy-side analyst. Article Title
• Positive Sentiment: Acumen Capital lifted its target sharply to C$10.50 (from C$7.50) and holds a “buy” — signaling materially improved outlook on the company’s operational or commodity exposures. Article Title
• Negative Sentiment: Canaccord Genuity raised its target to C$9.00 but kept a “hold” rating; that target is below the C$9.74 reference price (implying ~7.6% downside), representing the lone cautious note among the updates. Article Title

Tamarack Valley Energy Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The company has a market cap of C$4.96 billion, a PE ratio of -59.94 and a beta of 0.87. The firm’s 50-day simple moving average is C$8.75 and its two-hundred day simple moving average is C$7.19.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share 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. As a group, research analysts anticipate that Tamarack Valley Energy Ltd will post 0.1386527 earnings per share for the current fiscal year.

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.