Tourmaline Oil Corp PT Raised to C$65.00 at NBF (TOU)
Investment analysts at NBF upped their target price on shares of Tourmaline Oil Corp (TSE:TOU) from C$60.00 to C$65.00 in a note issued to investors on Thursday, StockRatingsNetwork.com reports. NBF’s target price would indicate a potential upside of 28.05% from the stock’s previous close.
A number of other firms have also recently commented on TOU. Analysts at National Bank Financial reiterated an “outperform” rating on shares of Tourmaline Oil Corp in a research note on Friday, February 14th. They now have a C$60.00 price target on the stock. Separately, analysts at CIBC raised their price target on shares of Tourmaline Oil Corp from C$53.00 to C$57.00 in a research note on Thursday, February 13th. Finally, analysts at Raymond James raised their price target on shares of Tourmaline Oil Corp from C$50.00 to C$52.00 in a research note on Tuesday, January 7th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$55.61.
Tourmaline Oil Corp (TSE:TOU) traded up 0.89% on Thursday, hitting $51.21. 143,068 shares of the company’s stock traded hands. Tourmaline Oil Corp has a 1-year low of $34.22 and a 1-year high of $50.90. The stock’s 50-day moving average is $47.23 and its 200-day moving average is $42.90. The company has a P/E ratio of 84.60.
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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