Tamarack Valley Energy (TSE:TVE) Stock Price Up 1.4%
Tamarack Valley Energy Ltd (TSE:TVE)’s share price rose 1.4% on Friday . The company traded as high as C$2.21 and last traded at C$2.17, approximately 99,469 shares were traded during trading. A decline of 87% from the average daily volume of 782,820 shares. The stock had previously closed at C$2.14.
TVE has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a C$2.50 price objective on shares of Tamarack Valley Energy in a research report on Thursday, August 15th. Canaccord Genuity lowered their price target on shares of Tamarack Valley Energy from C$4.00 to C$3.50 in a report on Tuesday, July 9th. BMO Capital Markets lowered their price target on shares of Tamarack Valley Energy from C$3.25 to C$3.00 in a report on Friday, August 9th. GMP Securities lowered their price target on shares of Tamarack Valley Energy from C$4.50 to C$4.25 in a report on Friday, June 28th. Finally, CIBC lowered their price target on shares of Tamarack Valley Energy from C$4.50 to C$3.50 in a report on Thursday, July 18th.
The company has a debt-to-equity ratio of 24.24, a quick ratio of 0.65 and a current ratio of 0.74. The stock’s fifty day moving average is C$1.90 and its 200 day moving average is C$2.28. The stock has a market cap of $446.47 million and a P/E ratio of 12.06.
About Tamarack Valley Energy (TSE:TVE)
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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