In a new note to investors today, an analyst has provided a rating update for Tamarack Vall Energy (TVE). Raymond James’ analyst Kurt Molnar reiterates their Buy rating on the shares, with a C$4.75 price target.
According to TipRanks.com, Molnar is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -25.2% and a 16.5% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Birchcliff Energy Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tamarack Vall Energy with a C$4.13 average price target, a 75.0% 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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The company has a one-year high of C$5.20 and a one-year low of C$1.81. Currently, Tamarack Vall Energy has an average volume of 1.24M.
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$2.36, close to its 52-week low of C$1.81.
