Tamarack Vall Energy (TVE), the Materials sector company, has received a rating update from a Wall Street analyst today. BMO Capital’s analyst Ray Kwan reiterates their Buy rating on the shares, with a C$3.50 price target.
According to TipRanks.com, Kwan has 0 stars on 0-5 star ranking scale with an average return of -13.1% and a 29.4% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Freehold Royalties Ltd.
Currently, the analyst consensus on Tamarack Vall Energy is a Strong Buy with an average price target of C$4.40.
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 1.17M.
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$2.47.
