Tourmaline Oil Corp Given Outperform Rating at National Bank Financial (TOU)
Tourmaline Oil Corp (TSE:TOU)‘s stock had its “outperform” rating reiterated by equities research analysts at National Bank Financial in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a C$52.50 price target on the stock. National Bank Financial’s price objective indicates a potential upside of 34.68% from the stock’s previous close.
TOU has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Tourmaline Oil Corp from C$55.00 to C$56.00 in a research note to investors on Wednesday. They now have an “action list buy” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Tourmaline Oil Corp from C$50.00 to C$51.50 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$51.56.
Tourmaline Oil Corp (TSE:TOU) traded up 0.13% during mid-day trading on Wednesday, hitting $39.03. The stock had a trading volume of 193,176 shares. Tourmaline Oil Corp has a 1-year low of $29.20 and a 1-year high of $46.10. The stock’s 50-day moving average is $40.67 and its 200-day moving average is $40.27. The company has a price-to-earnings ratio of 73.55.
Tourmaline Oil Corp. (TSE:TOU) is an intermediate crude oil and natural gas exploration and production company focused on exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin (WCSB).
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