Tourmaline Oil Corp (TSE:TOU) had its price objective increased by Raymond James Financial, Inc. from C$33.00 to C$36.00 in a research note issued to investors on Thursday morning. The firm currently has an outperform rating on the stock.
Other analysts also recently issued reports about the stock. National Bank Financial reduced their price target on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a report on Friday, June 23rd. GMP Securities reduced their price target on shares of Tourmaline Oil Corp from C$51.50 to C$50.00 in a report on Thursday, April 13th. Royal Bank Of Canada reduced their price target on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 and set an outperform rating for the company in a report on Friday, May 5th. BMO Capital Markets reaffirmed an outperform rating and set a C$36.00 price objective on shares of Tourmaline Oil Corp in a report on Tuesday, May 30th. Finally, TD Securities raised their price objective on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a buy rating in a report on Friday, May 5th. Five analysts have rated the stock with a buy rating, Tourmaline Oil Corp presently has an average rating of Buy and an average target price of C$41.33.
Shares of Tourmaline Oil Corp (TSE TOU) opened at 26.22 on Thursday. Tourmaline Oil Corp has a 52 week low of $25.20 and a 52 week high of $39.77. The firm has a market cap of $7.06 billion and a price-to-earnings ratio of 61.69. The stock has a 50 day moving average of $26.88 and a 200-day moving average of $28.49.
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In other Tourmaline Oil Corp news, insider Mike Rose acquired 1,500 shares of Tourmaline Oil Corp stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of C$27.18 per share, with a total value of C$40,770.00. Also, Director Andrew B. Macdonald sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$25.95, for a total transaction of C$778,500.00. Insiders have sold a total of 500,627 shares of company stock valued at $13,147,692 over the last ninety days.
About Tourmaline Oil Corp
Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.
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