11:39 AM EDT, 09/18/2025 (MT Newswires) -- National Bank of Canada Thursday increased Tamarack Valley Energy's ( TNEYF ) price target to $7.50 from $7.25 while maintaining the company's outperform rating.

The price target change follows Tamarack's $112 million sale of non-core assets to streamline the business as a pure-play producer in Clearwater and Charlie Lake.

The assets sold comprise about 4,000 barrels of oil equivalent per day in eastern Alberta, or 6% of corporate production.

Tamarack will use the proceeds to continue deleveraging its balance sheet, the bank said.

"A sound transaction by the company, which high-grades its assets toward best in class, and provides accelerating visibility toward augmented returns through the outlook," the bank said.

Tamarack traded at $6.06 per share at last look on the TSX.

Price: 6.07, Change: -0.04, Percent Change: -0.74