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Research analysts at BMO Capital Markets assumed coverage on shares of Tourmaline Oil Corp (TSE:TOU) in a report released on Wednesday. The firm set an “outperform” rating and a C$65.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 19.27% from the stock’s previous close.

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$65.00 to C$68.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Tourmaline Oil Corp from C$59.00 to C$65.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Tourmaline Oil Corp from C$65.00 to C$67.50 in a research note on Friday, April 25th. They now have a “top pick” rating on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$62.80.

Shares of Tourmaline Oil Corp (TSE:TOU) traded up 1.50% on Wednesday, hitting $55.32. The stock had a trading volume of 220,376 shares. Tourmaline Oil Corp has a 52-week low of $37.81 and a 52-week high of $57.66. The stock has a 50-day moving average of $54.93 and a 200-day moving average of $49.33. The company has a price-to-earnings ratio of 55.05.

Tourmaline Oil Corp (TSE:TOU) last released its earnings data on Friday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.15.

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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