Tamarack Valley Energy (OTCMKTS:TNEYF) Given New C$5.00 Price Target at Canaccord Genuity Group

Tamarack Valley Energy (OTCMKTS:TNEYF) had its price target raised by Canaccord Genuity Group from C$4.75 to C$5.00 in a report released on Friday, The Fly reports.

A number of other equities analysts have also recently commented on the company. lifted their price target on Tamarack Valley Energy from C$3.75 to C$4.00 and gave the stock a hold rating in a research note on Thursday, October 28th. National Bank Financial lifted their price target on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an outperform rating in a research note on Wednesday, September 29th. Stifel Nicolaus lifted their price target on Tamarack Valley Energy from C$6.00 to C$6.25 in a research note on Friday. Royal Bank of Canada lifted their price target on Tamarack Valley Energy from C$5.00 to C$6.00 in a research note on Friday. Finally, CIBC lifted their price objective on Tamarack Valley Energy from C$4.00 to C$5.00 and gave the stock an outperform rating in a research report on Friday, October 15th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tamarack Valley Energy currently has an average rating of Buy and a consensus target price of $4.97.

Shares of OTCMKTS TNEYF opened at $3.75 on Friday. Tamarack Valley Energy has a 1-year low of $1.01 and a 1-year high of $3.75. The stock’s 50-day moving average is $2.97 and its 200 day moving average is $2.52.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. is an oil and gas exploration and production company, which engages in the identification, evaluation, and operation of resource plays in the Western Canadian Sedimentary Basin. Its portfolio includes Cardium Oil, and Viking Oil. The company was founded on March 6, 2002 and is headquartered in Calgary, Canada.

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