Tourmaline Oil Corp PT Raised to C$52.00 at Raymond James (TOU)
Analysts at Raymond James upped their target price on shares of Tourmaline Oil Corp (TSE:TOU) from C$50.00 to C$52.00 in a research report issued to clients and investors on Tuesday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 12.04% from the stock’s previous close.
Shares of Tourmaline Oil Corp (TSE:TOU) traded up 0.34% on Tuesday, hitting $46.57. 262,042 shares of the company’s stock traded hands. Tourmaline Oil Corp has a 52-week low of $30.14 and a 52-week 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 price-to-earnings ratio of 77.35.
TOU has been the subject of a number of other recent research reports. Analysts at Scotiabank raised their price target on shares of Tourmaline Oil Corp from C$50.00 to C$55.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at 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. 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 research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Tourmaline Oil Corp presently has a consensus rating of “Buy” and a consensus price target of C$53.00.
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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