Tourmaline Oil Corp (TOU) Receives Consensus Rating of “Buy” from Analysts
Tourmaline Oil Corp (TSE:TOU) has been given an average rating of “Buy” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is C$38.65.
Several equities research analysts have recently issued reports on TOU shares. BMO Capital Markets decreased their price target on shares of Tourmaline Oil Corp from C$34.00 to C$28.00 in a research note on Tuesday, October 10th. Raymond James Financial, Inc. raised their price target on shares of Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. National Bank Financial decreased their price target on shares of Tourmaline Oil Corp from C$40.00 to C$37.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. CIBC decreased their price target on shares of Tourmaline Oil Corp from C$33.00 to C$30.00 in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada decreased their price target on shares of Tourmaline Oil Corp from C$40.00 to C$35.00 in a research note on Thursday, July 20th.
In other Tourmaline Oil Corp news, insider Brian Robinson sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of C$24.20, for a total value of C$2,420,000.00. Also, insider Mike Rose purchased 6,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of C$25.09 per share, with a total value of C$163,085.00. Over the last quarter, insiders purchased 32,000 shares of company stock valued at $771,455 and sold 156,116 shares valued at $3,784,677.
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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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