Raymond James upgraded Tamarack Valley Energy (TNEYF) to Outperform from Market Perform with a price target of C$5, up from C$4.50. The company reported a strong Q1, underpinned by a consistent waterflood program that continues to yield favorable results and enhance capital efficiencies, the analyst tells investors in a research note. The firm believes Tamarack is positioned to outperform current guidance for the balance of the year and has flexibility to defer capital to improve its free cash flow profile.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TNEYF:
- Tamarack Valley Energy Reports Record Production and Growth
- Tamarack Valley Energy Reports Record Oil Production and Financial Growth in Q1 2025
- Tamarack Valley Energy price target lowered to C$6 from C$6.75 at National Bank
- Tamarack Valley Energy Declares Monthly Dividend, Reinforcing Shareholder Value
- Tamarack Valley Energy price target lowered to C$5.50 from C$6.50 at CIBC
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue