Tourmaline Oil Corp (TOU) Receives Consensus Rating of “Buy” from Brokerages
Shares of Tourmaline Oil Corp (TSE:TOU) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$41.20.
Several brokerages have commented on TOU. BMO Capital Markets reiterated an “outperform” rating and set a C$36.00 target price on shares of Tourmaline Oil Corp in a research note on Tuesday, May 30th. Royal Bank Of Canada cut their target price on Tourmaline Oil Corp from C$40.00 to C$35.00 in a research note on Thursday, July 20th. Raymond James Financial, Inc. increased their target price on Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. National Bank Financial cut their target price on Tourmaline Oil Corp from C$42.00 to C$40.00 in a research note on Friday, June 23rd. Finally, Macquarie reiterated an “outperform” rating and set a C$40.00 target price on shares of Tourmaline Oil Corp in a research note on Thursday.
TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/14/tourmaline-oil-corp-tou-receives-consensus-rating-of-buy-from-brokerages.html.
In other news, insider Mike Rose purchased 2,500 shares of the stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of C$23.43 per share, with a total value of C$58,575.00. Also, Director John William Elick sold 2,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of C$26.86, for a total value of C$53,720.00. Over the last three months, insiders have bought 14,000 shares of company stock worth $342,510 and have sold 582,627 shares worth $14,851,712.
Shares of Tourmaline Oil Corp (TSE TOU) traded up 0.64% during mid-day trading on Thursday, reaching $24.99. The company had a trading volume of 340,782 shares. Tourmaline Oil Corp has a one year low of $23.37 and a one year high of $39.77. The company has a market capitalization of $6.74 billion and a price-to-earnings ratio of 21.96. The company has a 50 day moving average price of $25.10 and a 200 day moving average price of $27.19.
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.