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BMO Capital Markets Has Raised The Rating on Tamarack Valley Energy (TSE:TVE) To a Outperform. The Target Price is Set to $4.25

OTC Markets


December 5, 2017 – By Jacob Falcon

Tamarack Valley Energy (TSE:TVE) Stock Upgrade

In a note made public on Monday, 4 December, BMO Capital Markets announced that they have decided to upgrade shares of Tamarack Valley Energy (TSE:TVE) to a Outperform from a Market Perform. There is now a $4.25 target price per share on TVE’s stock.

Tamarack Valley Energy Ltd (TSE:TVE.TO) Ratings Coverage

Among 5 analysts covering Tamarack Valley Energy (TSE:TVE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Tamarack Valley Energy has $5 highest and $3.75 lowest target. $4.37’s average target is 54.96% above currents $2.82 stock price. Tamarack Valley Energy had 14 analyst reports since December 3, 2015 according to SRatingsIntel. As per Friday, March 24, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, February 25. The firm earned “Sector Perform” rating on Wednesday, November 9 by RBC Capital Markets. On Thursday, January 19 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Canaccord Genuity initiated it with “Buy” rating and $5 target in Tuesday, June 28 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 3.

It closed at $2.82 lastly. It is down 0.00% since December 5, 2016 and is . It has underperformed by 16.70% the S&P500.

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. The company has market cap of $642.09 million. 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. It currently has negative earnings. The firm was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010.

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