A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Tamarack Vall Energy (TVE) received a Buy rating from AltaCorp Captial’s analyst Patrick O’rourke, with a C$4 price target.
According to TipRanks.com, O’rourke is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.5% and a 31.7% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Kelt Exploration Ltd.
Tamarack Vall Energy has an analyst consensus of Strong Buy, with a price target consensus of C$4.40, representing an 80.3% upside. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a C$3.50 price target.
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Tamarack Vall Energy’s market cap is currently C$541.7M and has a P/E ratio of 75.7. 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 Monday at C$2.44.
