Tamarack Vall Energy (TSX: TVE), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Chris MacCulloch from Desjardins rated Tamarack Vall Energy (TSX: TVE) a Buy, setting a C$6.50 price target.
MacCulloch has an average return of 54.7% when recommending Tamarack Vall Energy.
According to TipRanks.com, MacCulloch is ranked #2283 out of 4850 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tamarack Vall Energy with a C$5.78 average price target, which is a 17.2% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$5.50 price target.
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The company has a one-year high of C$4.94 and a one-year low of C$1.98. Currently, Tamarack Vall Energy has an average volume of 1.1M.
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 Friday at C$4.93, close to its 52-week high of C$4.94.
