Tamarack Vall Energy (TVE), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst David Popowich from CIBC reiterated a Buy rating, with a C$4.50 price target.
According to TipRanks.com, Popowich is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.7% and a 37.0% success rate. Popowich covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and Baytex Energy Corp.
Tamarack Vall Energy has an analyst consensus of Strong Buy, with a price target consensus of C$4.17, which is a 74.5% upside from current levels. In a report issued on January 7, BMO Capital also reiterated a Buy rating on the stock with a C$3.50 price target.
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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$2.39.
