RBC Capital Markets Raises Tourmaline Oil Corp (TOU) Price Target to C$40.00
Other research analysts have also recently issued reports about the stock. TD Securities lifted their target price 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 Monday, August 8th. Royal Bank Of Canada lifted their target price on shares of Tourmaline Oil Corp from C$36.00 to C$38.00 in a report on Thursday, July 14th. Scotiabank reaffirmed an outperform rating and issued a C$38.00 target price on shares of Tourmaline Oil Corp in a report on Thursday, August 4th. Finally, FirstEnergy Capital raised shares of Tourmaline Oil Corp from an outperform rating to a top pick rating in a report on Thursday, June 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Tourmaline Oil Corp currently has an average rating of Buy and a consensus price target of C$37.79.
Shares of Tourmaline Oil Corp (TSE:TOU) opened at 36.82 on Thursday. Tourmaline Oil Corp has a 52 week low of $20.83 and a 52 week high of $37.90. The stock’s market capitalization is $8.63 billion. The company’s 50 day moving average is $36.12 and its 200-day moving average is $32.65.
Tourmaline Oil Corp Company Profile
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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