GMP FirstEnergy Thinks Traverse Energy’s Stock is Going to Recover

By Jason Carr

Traverse Energy (TSXV: TVL), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Robert Fitzmartyn from GMP FirstEnergy rated Traverse Energy (TSXV: TVL) a Buy, setting a C$0.55 price target.

According to TipRanks.com, Fitzmartyn is ranked #4183 out of 4566 analysts.

Traverse Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.50.

Traverse Energy’s market cap is currently C$30.33M and has a P/E ratio of 0.

Traverse Energy Ltd. engages in the exploration, development and production of oil and natural gas. It operates through production of oil and associated natural gas and related liquids, and exploration and development of light and medium oil. The company was founded on August 25, 1995 and is headquartered in Calgary, Canada.

The company’s shares closed last Wednesday at $0.36, close to its 52-week low of $0.33.