In a new note to investors on November 7, an analyst has provided a rating update for Tamarack Vall Energy (TVE). Analyst Ray Kwan from BMO Capital reiterated a Buy rating, with a C$5.50 price target on November 7.
According to TipRanks.com, Kwan has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 33.8% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Pengrowth Energy Corp.
Tamarack Vall Energy has an analyst consensus of Strong Buy, with a price target consensus of C$6.04.
Tamarack Vall Energy’s market cap is currently C$706.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.91.
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$3.11.