BMO Capital Keeps Their Hold Rating on Storm Resources

By Ryan Adsit

Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Randy Ollenberger from BMO Capital rated Storm Resources (TSXV: SRX) a Hold, setting a C$2.70 price target.

According to TipRanks.com, Ollenberger is a 2-star analyst with an average return of 0.3% and a 52.2% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Carrizo Oil & Gas, Chesapeake Energy, and Matador Resources.

Storm Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$3.07.

Storm Resources Ltd. is an exploration company, which engages in the provision of exploration, acquisition and development of oil, natural gas and natural gas liquids reserves. It focuses on the identification and exploitation of opportunities to develop oil and natural gas assets.

The company’s shares closed on Friday at C$2.49.