In a new note to investors on January 15, an analyst has provided a rating update for Tamarack Vall Energy (TVE). On January 15, analyst Chris MacCulloch gave a Buy rating to TVE and set a C$5.25 price target.
According to TipRanks.com, MacCulloch has currently no stars on a ranking scale of 0-5 stars, with an average return of -33.2% and a 0.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Tamarack Vall Energy is a Strong Buy with an average price target of C$4.29, which is a 90.7% 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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Tamarack Vall Energy’s market cap is currently C$512.1M and has a P/E ratio of 75. The company has a Price to Book ratio of 0.65.
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$2.25, close to its 52-week low of C$1.81.
