ATB Cormark Capital Markets Raises Tamarack Valley Energy (TSE:TVE) Price Target to C$11.50

Tamarack Valley Energy (TSE:TVE) had its price target upped by ATB Cormark Capital Markets from C$9.50 to C$11.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 12.86% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price objective on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce upped their price target on 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. Canaccord Genuity Group lifted their price objective on shares of Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th. Desjardins boosted 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 research note on Thursday. Finally, Raymond James Financial cut shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$10.11.

Tamarack Valley Energy Price Performance

Shares of TSE:TVE opened at C$10.19 on Thursday. The company has a 50-day simple moving average of C$8.80 and a 200-day simple moving average of C$7.23. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$10.33. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The stock has a market capitalization of C$4.96 billion, a price-to-earnings ratio of -59.94 and a beta of 0.87.

Tamarack Valley Energy (TSE:TVE) last announced its earnings results 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 business had revenue of C$304.60 million during the quarter. On average, analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Trending Headlines about Tamarack Valley Energy

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

• Positive Sentiment: National Bank Financial raised its price target to C$11.50 and assigned an “outperform” rating, implying roughly an 18% upside versus the C$9.74 reference price. Read More.
• Positive Sentiment: ATB Cormark Capital Markets raised its target to C$11.50 and reiterated an “outperform” view, signaling similar upside potential (~18%). Read More.
• Positive Sentiment: Desjardins increased its target to C$10.50 and rates TVE a “buy,” implying about a 7.8% upside from the C$9.74 reference. Read More.
• Positive Sentiment: Acumen Capital bumped its target sharply to C$10.50 (from C$7.50) and holds a “buy” rating, also implying roughly 7.8% upside versus C$9.74. Read More.
• Negative Sentiment: Canaccord Genuity raised its target to C$9.00 but kept a “hold” rating; that target sits below the C$9.74 reference price and represents ~7.6% downside, tempering the otherwise bullish analyst flow. Read More.

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.