Tamarack-Valley-Energy-Ltd’s (TVE) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) in a report released on Friday morning, StockTargetPrices.com reports. Royal Bank of Canada currently has a C$4.00 price objective on the stock.

Separately, Canaccord Genuity reduced their target price on shares of Tamarack-Valley-Energy-Ltd from C$5.00 to C$4.50 in a research report on Tuesday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$4.75.

Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) traded up 2.57% during trading on Friday, hitting $2.79. 201,308 shares of the company’s stock were exchanged. Tamarack-Valley-Energy-Ltd has a 12-month low of $2.62 and a 12-month high of $4.28. The company has a 50-day moving average of $2.96 and a 200-day moving average of $3.32. The company’s market cap is $635.20 million.

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About Tamarack-Valley-Energy-Ltd

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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