In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Tamarack Vall Energy (TSX: TVE). The company received a Buy today from GMP FirstEnergy’s analyst Cody Kwong, with a C$6.50 price target.
Kwong has an average return of 54.8% when recommending Tamarack Vall Energy.
According to TipRanks.com, Kwong is ranked #2442 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$5.88 average price target, a 19.8% 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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Tamarack Vall Energy’s market cap is currently C$1.09B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.40.
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$4.91, close to its 52-week high of C$4.94.
