Yesterday, an analyst has provided a rating update for Tamarack Vall Energy (TVE). Analyst David Popowich from CIBC rated Tamarack Vall Energy (TVE) a Buy, setting a C$5.50 price target.
According to TipRanks.com, Popowich ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.8% and a 34.4% 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$5.75, implying a 142.6% upside from current levels. In a report issued on November 7, BMO Capital also reiterated a Buy rating on the stock with a C$5.50 price target.
.
Tamarack Vall Energy’s market cap is currently C$541.7M and has a P/E ratio of 79.3. The company has a Price to Book ratio of 0.68.
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$2.37, close to its 52-week low of C$2.23.
