RBC Capital Markets Raises Tourmaline Oil Corp (TOU) Price Target to C$40.00
Tourmaline Oil Corp (TSE:TOU) had its price target upped by equities researchers at RBC Capital Markets from C$38.00 to C$40.00 in a research report issued on Thursday. RBC Capital Markets’ target price suggests a potential upside of 12.08% from the stock’s current price.
TOU has been the subject of several other research reports. Scotiabank reiterated an “outperform” rating and set a C$35.00 target price on shares of Tourmaline Oil Corp in a research report on Thursday, June 16th. Royal Bank Of Canada upped their target price on shares of Tourmaline Oil Corp from C$36.00 to C$38.00 in a research report on Thursday, July 14th. TD Securities upped their target price on shares of 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. Finally, FirstEnergy Capital upgraded shares of Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research report on Thursday, June 23rd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Tourmaline Oil Corp has a consensus rating of “Buy” and an average target price of C$38.19.
Tourmaline Oil Corp (TSE:TOU) traded up 1.82% during trading on Thursday, reaching $36.34. The company’s stock had a trading volume of 340,928 shares. Tourmaline Oil Corp has a 52 week low of $20.83 and a 52 week high of $37.90. The company’s 50 day moving average price is $36.01 and its 200 day moving average price is $32.41. The company’s market cap is $8.52 billion.
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Tourmaline Oil Corp Company Profile
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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