Tamarack Vall Energy (TSX: TVE), the Materials sector company, has received a rating update from a Wall Street analyst on August 9. Analyst Jeremy Mccrea from Raymond James remains bullish on the stock and has a C$6 price target.
Mccrea has an average return of 72.5% when recommending Tamarack Vall Energy.
According to TipRanks.com, Mccrea is ranked #1131 out of 4847 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Currently, the analyst consensus on Tamarack Vall Energy is a Strong Buy with an average price target of C$5.97, a 22.1% upside from current levels. In a report issued on August 10, Canaccord Genuity also maintained a Buy rating on the stock with a C$5.50 price target.
.
Tamarack Vall Energy’s market cap is currently C$1.12B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.44.
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 Monday at C$4.89, close to its 52-week high of C$4.96.
