Tamarack-Valley-Energy (OTCMKTS:TNEYF)‘s stock had its “hold” rating reaffirmed by equities researchers at Raymond James in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $1.00 price objective on the stock. Raymond James’ price objective would indicate a potential upside of 166.67% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Tudor Pickering reaffirmed a “hold” rating on shares of Tamarack-Valley-Energy in a research note on Thursday, March 12th. Royal Bank of Canada upgraded Tamarack-Valley-Energy to a “buy” rating and set a $2.50 target price on the stock in a research note on Friday, March 6th. Canaccord Genuity lowered Tamarack-Valley-Energy to a “buy” rating in a research note on Tuesday, March 10th. Finally, BMO Capital Markets lowered Tamarack-Valley-Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1.75.
OTCMKTS TNEYF traded up $0.04 during trading on Thursday, reaching $0.38. The company’s stock had a trading volume of 78,050 shares, compared to its average volume of 7,747. Tamarack-Valley-Energy has a 12 month low of $0.30 and a 12 month high of $2.25. The firm has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.31.
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 in Alberta, as well as in the Veteran, Consort, and Esther area of southeast Alberta and North Hoosier, Milton, and Coleville area of southwest Saskatchewan; Barons Sand light oil plays located in the Penny area of Southern Alberta; and heavy oil properties.
Recommended Story: Equity Income
Receive News & Ratings for Tamarack-Valley-Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tamarack-Valley-Energy and related companies with MarketBeat.com's FREE daily email newsletter.