Eight Capital Raises Tamarack-Valley-Energy (TVE) Price Target to C$7.00

Tamarack-Valley-Energy (CVE:TVE) had its price objective boosted by Eight Capital from C$6.50 to C$7.00 in a research report sent to investors on Friday morning.

A number of other research analysts have also recently commented on TVE. BMO Capital Markets boosted their target price on shares of Tamarack-Valley-Energy from C$3.75 to C$4.50 in a research report on Friday, May 11th. National Bank Financial boosted 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 Friday. Raymond James boosted their target price on shares of Tamarack-Valley-Energy from C$4.00 to C$4.50 and gave the stock an outperform rating in a research report on Friday, May 11th. Royal Bank of Canada boosted their target price on shares of Tamarack-Valley-Energy from C$3.50 to C$4.00 and gave the stock a sector perform rating in a research report on Friday, May 11th. Finally, Desjardins upped their price target on shares of Tamarack-Valley-Energy from C$4.50 to C$5.00 in a report on Friday, May 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$5.54.

CVE TVE opened at C$25.03 on Friday. Tamarack-Valley-Energy has a 52 week low of C$24.80 and a 52 week high of C$26.98.

In related news, insider Ronald Steve Hozjan sold 35,435 shares of the company’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of C$4.10, for a total value of C$145,283.50. Also, insider Kevin Screen sold 15,000 shares of the company’s stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of C$4.70, for a total transaction of C$70,500.00. Insiders sold 57,435 shares of company stock worth $245,184 over the last ninety days.

About Tamarack-Valley-Energy

Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.

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Analyst Recommendations for Tamarack-Valley-Energy (CVE:TVE)

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