Marquee Energy Ltd Receives a Buy from Canaccord Genuity

By Austin Angelo

Marquee Energy Ltd (TSXV: MQX), the NA sector company, has received a rating update from a Wall Street analyst on May 24. Canaccord Genuity’s analyst Anthony Petrucci reiterates their Buy rating on the shares, with a C$0.15 price target.

According to TipRanks.com, Petrucci is a 1-star analyst with an average return of -1.7% and a 28.7% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Crescent Point Energy, and Bellatrix Exploration.

Marquee Energy Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$0.15.

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 last Friday at $0.09.