Tourmaline Oil Corp (TOU) Price Target Cut to C$35.00 by Analysts at Royal Bank Of Canada
Tourmaline Oil Corp (TSE:TOU) had its price objective dropped by research analysts at Royal Bank Of Canada from C$40.00 to C$35.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 27.83% from the stock’s previous close.
Several other research analysts also recently commented on the stock. National Bank Financial lowered their price objective on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a research report on Friday, June 23rd. BMO Capital Markets restated an “outperform” rating and set a C$36.00 price objective on shares of Tourmaline Oil Corp in a research report on Tuesday, May 30th. TD Securities boosted their price objective 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 Friday, May 5th. Finally, GMP Securities lowered their price objective on shares of Tourmaline Oil Corp from C$51.50 to C$50.00 in a research report on Thursday, April 13th.
Tourmaline Oil Corp (TOU) traded down 0.37% during midday trading on Thursday, reaching $27.28. The company had a trading volume of 208,432 shares. The stock’s 50 day moving average is $26.85 and its 200 day moving average is $28.84. The company has a market capitalization of $7.34 billion and a PE ratio of 64.19. Tourmaline Oil Corp has a one year low of $25.20 and a one year high of $39.77.
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In other Tourmaline Oil Corp news, insider Mike Rose sold 400,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of C$25.95, for a total transaction of C$10,380,000.00. Also, Director Andrew B. Macdonald sold 30,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of C$25.95, for a total transaction of C$778,500.00. In the last ninety days, insiders have sold 500,627 shares of company stock worth $13,147,692.
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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