National Bank Financial Trims Tourmaline Oil Corp (TOU) Target Price to C$37.50
Tourmaline Oil Corp (TSE:TOU) had its target price trimmed by National Bank Financial from C$40.00 to C$37.50 in a research note released on Friday morning. The firm currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on the company. BMO Capital Markets reduced their price objective on Tourmaline Oil Corp from C$34.00 to C$28.00 in a research note on Tuesday, October 10th. Macquarie reaffirmed an outperform rating and issued a C$40.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, September 14th. Raymond James Financial, Inc. lifted their price objective on Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the stock an outperform rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reduced their price objective on Tourmaline Oil Corp from C$40.00 to C$35.00 in a research note on Thursday, July 20th. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of C$40.15.
Shares of Tourmaline Oil Corp (TSE TOU) opened at 23.29 on Friday. The stock’s 50 day moving average price is $24.76 and its 200 day moving average price is $26.53. Tourmaline Oil Corp has a 12 month low of $22.33 and a 12 month high of $39.77. The company has a market capitalization of $6.28 billion and a PE ratio of 20.47.
In other Tourmaline Oil Corp news, Director John William Elick sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of C$26.86, for a total value of C$53,720.00. Also, insider Mike Rose acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of C$23.43 per share, for a total transaction of C$58,575.00. In the last ninety days, insiders acquired 24,000 shares of company stock worth $588,335 and sold 156,116 shares worth $3,784,677.
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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