Tourmaline Oil Corp Given “Sector Perform” Rating at Scotiabank (TOU)
Tourmaline Oil Corp (TSE:TOU)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a C$55.00 price objective on the stock, up from their previous price objective of C$50.00. Scotiabank’s price target indicates a potential upside of 17.52% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Tourmaline Oil Corp from C$52.00 to C$55.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Tourmaline Oil Corp in a research note to investors on Tuesday, November 26th. They set an “outperform” rating and a C$50.00 price target on the stock. Finally, analysts at Desjardins initiated coverage on shares of Tourmaline Oil Corp in a research note to investors on Monday, November 25th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$53.00.
Shares of Tourmaline Oil Corp (TSE:TOU) traded up 0.84% during mid-day trading on Tuesday, hitting $46.80. 514,208 shares of the company’s stock traded hands. Tourmaline Oil Corp has a one year low of $30.14 and a one year high of $46.10. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $37.80. The company has a P/E ratio of 77.35.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.