Time to Buy Tamarack-Valley-Energy-Ltd After Today’s Huge Increase?

 Time to Buy Tamarack Valley Energy Ltd After Today's Huge Increase?

The stock of Tamarack-Valley-Energy-Ltd (TSE:TVE) is a huge mover today! About 116,630 shares traded hands. Tamarack-Valley-Energy-Ltd (TSE:TVE) has declined 14.32% since April 27, 2016 and is downtrending. It has underperformed by 20.25% the S&P500.
The move comes after 9 months positive chart setup for the $564.32M company. It was reported on Dec, 1 by Barchart.com. We have $3.89 PT which if reached, will make TSE:TVE worth $39.50M more.

Tamarack-Valley-Energy-Ltd (TSE:TVE) Ratings Coverage

Out of 5 analysts covering Tamarack Valley Energy (TSE:TVE), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $5 is the highest target while $3.75 is the lowest. The $4.31 average target is 18.41% above today’s ($3.64) stock price. Tamarack Valley Energy has been the topic of 11 analyst reports since December 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by BMO Capital Markets on Thursday, February 25 to “Outperform”. As per Thursday, November 3, the company rating was downgraded by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 9 report. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, June 28.

Tamarack Valley Energy Ltd. is a Canada oil and natural gas company. The company has a market cap of $564.32 million. The Firm has working interests in petroleum and natural gas properties in the Alder Flats area. It currently has negative earnings. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta.

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