Tourmaline Oil Corp (TSE:TOU) Receives C$38.00 Average Target Price from Brokerages
Tourmaline Oil Corp (TSE:TOU) has been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the stock. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$38.00.
Several research firms have recently commented on TOU. Raymond James Financial Inc. set a C$39.50 price objective on Tourmaline Oil Corp in a research note on Monday, June 6th. Royal Bank Of Canada restated an “outperform” rating and issued a C$36.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. Scotiabank restated an “outperform” rating and issued a C$35.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. TD Securities upped their price objective on Tourmaline Oil Corp from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, June 16th. Finally, FirstEnergy Capital upgraded Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research note on Thursday, June 23rd.
Shares of Tourmaline Oil Corp (TSE:TOU) opened at 35.54 on Thursday. The stock’s market cap is $8.33 billion. Tourmaline Oil Corp has a 52-week low of $20.83 and a 52-week high of $37.90. The firm’s 50-day moving average price is $35.66 and its 200-day moving average price is $31.95.
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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