Royal Bank Of Canada Boosts Tourmaline Oil Corp (TOU) Price Target to C$40.00
Tourmaline Oil Corp (TSE:TOU) had its price objective boosted by stock analysts at Royal Bank Of Canada from C$38.00 to C$40.00 in a research note issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 10.22% from the company’s previous close.
A number of other equities analysts have also issued reports on the company. FirstEnergy Capital raised Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a report on Thursday, June 23rd. TD Securities raised their price target on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Scotiabank reissued an “outperform” rating and set a C$38.00 price target on shares of Tourmaline Oil Corp in a report on Thursday, August 4th. Finally, RBC Capital Markets raised their price target on Tourmaline Oil Corp from C$38.00 to C$40.00 in a report on Thursday. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Tourmaline Oil Corp has an average rating of “Buy” and a consensus price target of C$38.35.
Tourmaline Oil Corp (TSE:TOU) traded up 1.68% during trading on Thursday, reaching $36.29. The company’s stock had a trading volume of 455,189 shares. The firm’s market capitalization is $8.51 billion. Tourmaline Oil Corp has a one year low of $20.83 and a one year high of $37.90. The stock has a 50-day moving average of $36.01 and a 200 day moving average of $32.41.
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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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