Tamarack Valley Energy (TSE:TVE) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• Tamarack Valley Energy's price target has been increased from C$7.25 to C$7.50 by National Bankshares, indicating a potential upside of 27.55% from its current price.
• A total of seven analysts have rated Tamarack Valley Energy as a Buy, while one has given it a Hold rating, leading to a consensus rating of "Moderate Buy".
• As of the latest trading, Tamarack Valley Energy's stock was down C$0.14, trading at C$5.88, with a market cap of C$2.93 billion.

Tamarack Valley Energy (TSE:TVE - Get Free Report) had its price target raised by investment analysts at National Bankshares from C$7.25 to C$7.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 25.00% from the stock's current price.

Other equities research analysts also recently issued reports about the company. CIBC increased their price target on Tamarack Valley Energy from C$6.25 to C$7.00 and gave the stock an "outperform" rating in a report on Friday. Raymond James Financial lifted their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins lifted their target price on shares of Tamarack Valley Energy from C$6.50 to C$6.75 and gave the stock a "hold" rating in a research report on Friday. Royal Bank Of Canada boosted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$7.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, ATB Capital boosted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$6.58.

Tamarack Valley Energy Stock Performance

TVE stock traded up C$0.11 during trading on Friday, hitting C$6.00. The company had a trading volume of 2,115,996 shares, compared to its average volume of 2,064,624. The firm has a 50-day moving average price of C$5.40 and a 200-day moving average price of C$4.68. Tamarack Valley Energy has a 1-year low of C$3.10 and a 1-year high of C$6.18. The firm has a market cap of C$2.99 billion, a PE ratio of 12.50 and a beta of 1.12. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61.

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.