Tamarack-Valley-Energy (TVE) Stock Rating Upgraded by Canaccord Genuity

Canaccord Genuity upgraded shares of Tamarack-Valley-Energy (CVE:TVE) from a hold rating to a buy rating in a report issued on Tuesday, January 9th. They currently have C$4.00 price target on the stock, up from their prior price target of C$3.50.

A number of other equities analysts have also commented on TVE. Royal Bank of Canada lowered Tamarack-Valley-Energy from a sector perform rating to an underperform rating and lifted their price objective for the stock from C$2.50 to C$2.75 in a research note on Thursday, November 9th. Desjardins reaffirmed a buy rating and issued a C$4.00 price objective on shares of Tamarack-Valley-Energy in a research note on Monday, December 18th. Raymond James Financial lifted their price objective on Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the stock an outperform rating in a research note on Monday, September 11th. BMO Capital Markets lifted their price objective on Tamarack-Valley-Energy from C$3.50 to C$4.25 and gave the stock an outperform rating in a research note on Tuesday, December 12th. Finally, Laurentian Bank of Canada lifted their price objective on Tamarack-Valley-Energy from C$4.25 to C$4.75 in a research note on Friday, October 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$4.19.

Tamarack-Valley-Energy has a 1 year low of C$2.11 and a 1 year high of C$7.85.

In other news, insider Gmt Capital Corp bought 16,700 shares of the stock in a transaction dated Thursday, October 19th. The shares were bought at an average cost of C$2.04 per share, with a total value of C$34,068.00. Also, insider Ronald Steve Hozjan sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of C$2.65, for a total value of C$106,000.00. Over the last three months, insiders acquired 90,400 shares of company stock worth $198,638 and sold 78,400 shares worth $210,960.

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About Tamarack-Valley-Energy

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.

Analyst Recommendations for Tamarack-Valley-Energy (CVE:TVE)

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