Tamarack Valley Energy (TSE:TVE – Get Free Report) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Friday, BayStreet.CA reports.
A number of other brokerages have also commented on TVE. CIBC increased their price objective on Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Monday, July 15th. National Bankshares dropped their price objective on Tamarack Valley Energy from C$7.25 to C$6.75 in a report on Friday, September 27th. Finally, Desjardins set a C$5.00 target price on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, June 25th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$5.03.
Tamarack Valley Energy Price Performance
Tamarack Valley Energy (TSE:TVE – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. The firm had revenue of C$382.98 million for the quarter.
Insider Buying and Selling at Tamarack Valley Energy
In other Tamarack Valley Energy news, Senior Officer Christine Ezinga acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of C$3.67 per share, with a total value of C$29,367.20. Over the last 90 days, insiders bought 28,173 shares of company stock valued at $107,945. Corporate insiders own 1.32% of the company’s stock.
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.
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