Tamarack Valley Energy (TSE:TVE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Tamarack Valley Energy (TSE:TVE) had its target price increased by stock analysts at BMO Capital Markets from C$4.50 to C$5.50 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 23.87% from the company’s previous close.

Several other research firms have also recently issued reports on TVE. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Acumen Capital increased their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. National Bankshares increased their target price on shares of Tamarack Valley Energy from C$6.75 to C$7.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday. Finally, Royal Bank of Canada raised their price objective on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.45.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$4.44 on Thursday. Tamarack Valley Energy has a 1 year low of C$2.76 and a 1 year high of C$4.70. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a market capitalization of C$2.42 billion, a PE ratio of 19.30 and a beta of 2.49. The company’s 50 day simple moving average is C$4.22 and its two-hundred day simple moving average is C$3.95.

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.