Tamarack Vall Energy (TVE), the Materials sector company, was revisited by a Wall Street analyst today. RBC Capital’s analyst Shailender Randhawa reiterates their Hold rating on the shares, with a C$3.50 price target.
According to TipRanks.com, Randhawa has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.2% and a 36.5% success rate. Randhawa covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.
Tamarack Vall Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.10.
Based on Tamarack Vall Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$13 million. In comparison, last year the company had a GAAP net loss of C$12.53 million.
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$2.46.
