Tamarack Valley Energy Ltd (TSE:TVE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$8.92.

A number of research firms recently weighed in on TVE. Canaccord Genuity Group upped their target price on shares of Tamarack Valley Energy from C$6.75 to C$8.00 in a research note on Thursday, December 4th. Royal Bank Of Canada increased their price objective on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Raymond James Financial lowered shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. ATB Cormark Capital Markets boosted their target price on shares of Tamarack Valley Energy from C$7.25 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, National Bank Financial increased their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 4th.

Tamarack Valley Energy Price Performance

Shares of TSE TVE opened at C$9.77 on Friday. The stock’s 50-day moving average is C$8.58 and its two-hundred day moving average is C$7.07. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. Tamarack Valley Energy has a 1-year low of C$3.10 and a 1-year high of C$10.05. The company has a market cap of C$4.76 billion, a price-to-earnings ratio of -57.47 and a beta of 0.87.

About Tamarack Valley Energy

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.