Tourmaline Oil Corp (TOU) Price Target Raised to C$40.00
Tourmaline Oil Corp (TSE:TOU) had its target price lifted by Royal Bank Of Canada from C$38.00 to C$40.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price suggests a potential upside of 10.22% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. 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 note on Monday, August 8th. FirstEnergy Capital upgraded shares of Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research note on Thursday, June 23rd. Scotiabank reiterated an “outperform” rating and set a C$35.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. Finally, RBC Capital Markets increased their price objective on shares of Tourmaline Oil Corp from C$38.00 to C$40.00 in a research note on Thursday. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$38.35.
Tourmaline Oil Corp (TSE:TOU) traded up 1.68% on Thursday, reaching $36.29. The company had a trading volume of 455,189 shares. Tourmaline Oil Corp has a 52-week low of $20.83 and a 52-week high of $37.90. The firm’s market capitalization is $8.51 billion. The stock’s 50-day moving average price is $36.01 and its 200 day moving average price is $32.41.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/tourmaline-oil-corp-tou-price-target-raised-to-c40-00.html
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.
Receive News & Ratings for Tourmaline Oil Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil Corp and related companies with MarketBeat.com's FREE daily email newsletter.