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Tamarack Valley Energy (TNEYF) Receives a Buy from Acumen Capital

Acumen Capital analyst Acumen Capital maintained a Buy rating on Tamarack Valley Energy (TNEYFResearch Report) yesterday and set a price target of C$5.50. The company’s shares closed last Friday at $3.75, equals to its 52-week high of $3.75.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tamarack Valley Energy with a $4.49 average price target, which is a 21.7% upside from current levels. In a report issued on January 10, RBC Capital also maintained a Buy rating on the stock with a C$5.00 price target.

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Tamarack Valley Energy’s market cap is currently $1.52B and has a P/E ratio of 6.97.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNEYF in relation to earlier this year.

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Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

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