Tamarack-Valley-Energy (TVE) Price Target Increased to C$4.25 by Analysts at BMO Capital Markets

Tamarack-Valley-Energy (CVE:TVE) had its price target hoisted by BMO Capital Markets from C$3.50 to C$4.25 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock.

TVE has been the subject of several other research reports. Laurentian upped their price target on shares of Tamarack-Valley-Energy from C$4.25 to C$4.75 in a report on Friday, October 6th. National Bank Financial boosted their price objective on shares of Tamarack-Valley-Energy from C$3.75 to C$4.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Royal Bank of Canada boosted their price objective on shares of Tamarack-Valley-Energy from C$2.75 to C$3.25 and gave the stock a “sector perform” rating in a research report on Thursday, November 30th. Raymond James Financial boosted their price objective on shares of Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Laurentian Bank of Canada boosted their price objective on shares of Tamarack-Valley-Energy from C$4.25 to C$4.75 in a research report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tamarack-Valley-Energy currently has a consensus rating of “Buy” and a consensus target price of C$3.89.

Tamarack-Valley-Energy has a 52-week low of C$2.11 and a 52-week high of C$7.85.

In other news, insider Gmt Capital Corp purchased 16,700 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were purchased 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 20,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$2.81, for a total transaction of C$56,200.00. In the last three months, insiders bought 96,000 shares of company stock worth $210,534 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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