Analysts Set Tamarack-Valley-Energy-Ltd (OTCMKTS:TNEYF) PT at $1.55

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Shares of Tamarack-Valley-Energy-Ltd (OTCMKTS:TNEYF) have been given an average rating of “Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1.55.

A number of research firms have commented on TNEYF. Raymond James upgraded Tamarack-Valley-Energy from a “market perform” rating to an “outperform” rating and set a $1.35 price target on the stock in a research report on Thursday, August 13th. Royal Bank of Canada reiterated a “buy” rating on shares of Tamarack-Valley-Energy in a research report on Wednesday, May 13th. Finally, CIBC upped their price target on Tamarack-Valley-Energy from $1.50 to $1.75 and gave the company an “outperform” rating in a research report on Monday, July 13th.

Tamarack-Valley-Energy stock traded down $0.03 during trading hours on Tuesday, reaching $0.64. 2,660 shares of the company were exchanged, compared to its average volume of 9,023. The stock has a 50-day moving average of $0.69 and a 200 day moving average of $0.63. Tamarack-Valley-Energy has a 12 month low of $0.30 and a 12 month high of $1.82.

Tamarack-Valley-Energy Company Profile

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of 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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Analyst Recommendations for Tamarack-Valley-Energy (OTCMKTS:TNEYF)

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