RBC Capital Markets Raises Tourmaline Oil Corp (TOU) Price Target to C$40.00
Tourmaline Oil Corp (TSE:TOU) had its target price increased by stock analysts at RBC Capital Markets from C$38.00 to C$40.00 in a research note issued on Thursday. RBC Capital Markets’ price target indicates a potential upside of 12.08% from the company’s current price.
A number of other equities research analysts also recently commented on the company. TD Securities increased their price objective on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Scotiabank reiterated an “outperform” rating and set a C$38.00 price objective on shares of Tourmaline Oil Corp in a research report on Thursday, August 4th. Royal Bank Of Canada increased their price objective on Tourmaline Oil Corp from C$36.00 to C$38.00 in a research report on Thursday, July 14th. Finally, FirstEnergy Capital upgraded Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research report on Thursday, June 23rd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Tourmaline Oil Corp presently has a consensus rating of “Buy” and a consensus price target of C$38.19.
Tourmaline Oil Corp (TSE:TOU) traded up 1.74% during trading on Thursday, reaching $36.31. The company had a trading volume of 345,728 shares. The company’s market capitalization is $8.51 billion. The firm’s 50 day moving average is $36.01 and its 200-day moving average is $32.41. Tourmaline Oil Corp has a 12 month low of $20.83 and a 12 month high of $37.90.
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About Tourmaline Oil Corp
Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.
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