Analyst Provides Guidance for This Canadian Energy Company


Tamarack Vall Energy (TVE) has received a rating update from a Wall Street analyst yesterday. The company received a Buy rating from BMO Capital’s analyst Randy Ollenberger, with a C$3.75 price target.

According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.1% and a 45.8% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Birchcliff Energy Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tamarack Vall Energy with a C$4.21 average price target.

Based on Tamarack Vall Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$18.95 million. In comparison, last year the company had a GAAP net loss of C$12.53 million.

Tamarack Valley Energy Ltd. is an oil and gas exploration and production company. The firm 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 Friday at C$2.49.

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