The Materials sector company, Tamarack Vall Energy (TSX: TVE), has received a rating update from a Wall Street analyst yesterday. Analyst David Popowich from CIBC reiterated a Buy rating, with a C$6.50 price target.
Popowich has an average return of 46.8% when recommending Tamarack Vall Energy.
According to TipRanks.com, Popowich is ranked #1828 out of 4877 analysts.
Currently, the analyst consensus on Tamarack Vall Energy is a Strong Buy with an average price target of C$6.
Tamarack Vall Energy’s market cap is currently C$1.15B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.48.
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$5.06, close to its 52-week high of C$5.16.
