Marquee Energy Ltd Receives a Hold from GMP FirstEnergy

By Ryan Adsit

Marquee Energy Ltd (TSXV: MQX), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Hold rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$0.08 price target.

According to TipRanks.com, Fitzmartyn is ranked #4503 out of 4588 analysts.

Marquee Energy Ltd has an analyst consensus of Hold, with a price target consensus of C$0.08.

Based on Marquee Energy Ltd’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$0 and GAAP net loss of C$1.48 million. In comparison, last year the company earned revenue of C$0 and had a GAAP net loss of C$403.1K.

Marquee Energy Ltd. operates as a junior energy company which focuses on light oil development services. It has operations in Alberta and Saskatchewan. The firm has ownership and control of oil battery and terminal and gas plants with gathering systems. The company was founded on September 17, 2009 and is headquartered in Calgary, Canada.

The company’s shares closed on Tuesday at $0.07, close to its 52-week high of $0.16.