Shares of Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) have received a consensus rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.50.
TNEYF has been the subject of several research reports. Canaccord Genuity lifted their price target on shares of Tamarack Valley Energy from $2.50 to $2.75 and gave the company a “hold” rating in a report on Thursday, May 6th. Royal Bank of Canada lifted their price objective on shares of Tamarack Valley Energy from $3.00 to $3.25 and gave the company an “outperform” rating in a research report on Monday, March 8th. Desjardins lifted their price objective on shares of Tamarack Valley Energy from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Wednesday, April 14th. BMO Capital Markets initiated coverage on shares of Tamarack Valley Energy in a research report on Friday, March 26th. They issued a “market perform” rating on the stock. Finally, National Bank Financial initiated coverage on shares of Tamarack Valley Energy in a research report on Monday, May 3rd. They issued an “outperform” rating on the stock.
Shares of OTCMKTS TNEYF traded up $0.01 during midday trading on Thursday, hitting $2.21. The company’s stock had a trading volume of 10,882 shares, compared to its average volume of 38,420. Tamarack Valley Energy has a 1-year low of $0.52 and a 1-year high of $2.69. The business has a fifty day simple moving average of $2.02.
Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Alberta 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 and Banff light oil plays located in the Penny area of Southern Alberta; and heavy oil properties.
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