Analyst Provides Guidance for This Canadian Energy Company


In a latest note to investors, a research analyst has provided a rating update for the Tamarack Vall Energy (TVE). RBC Capital’s analyst Shailender Randhawa reiterates their Hold rating on the shares today.

According to TipRanks.com, Randhawa ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.8% and a 39.5% success rate. Randhawa covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.

Currently, the analyst consensus on Tamarack Vall Energy is a Strong Buy with an average price target of C$4.13.

Tamarack Vall Energy’s market cap is currently C$557.6M and has a P/E ratio of 77.3. The company has a Price to Book ratio of 0.70.

Tamarack Valley Energy Ltd. engages in the identification, evaluation, and operation of oil and gas resources. Its portfolio includes Cardium Oil, Viking Oil, and Penny Barons Oil projects. The company was founded in August 2009 and is headquartered in Calgary, Canada.

The company’s shares closed on Wednesday at C$2.36, close to its 52-week low of C$1.81.

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