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BMO Capital Reiterates a Buy Rating on Tamarack Vall Energy (TVE)


Tamarack Vall Energy (TSX: TVE), the Materials sector company, has received a rating update from a Wall Street analyst on October 8. Analyst Randy Ollenberger from BMO Capital remains bullish on the stock and has a C$6.50 price target.

According to TipRanks.com, Ollenberger is a 3-star analyst with an average return of 1.1% and a 50.4% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Imperial Oil Limited, and Encana Corp.

Tamarack Vall Energy has an analyst consensus of Strong Buy, with a price target consensus of C$6.22.

Tamarack Vall Energy’s market cap is currently C$1.04B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.34.

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 Thursday at C$4.46.