Raymond James Financial Lowers Tourmaline Oil (TOU) Price Target to C$30.00
Tourmaline Oil (TSE:TOU) had its price target decreased by analysts at Raymond James Financial from C$38.00 to C$30.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 44.44% from the stock’s current price.
TOU has been the topic of several other reports. TD Securities upped their price objective on Tourmaline Oil from C$32.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets cut their target price on Tourmaline Oil from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. National Bank Financial cut their target price on Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating on the stock in a research report on Tuesday. CIBC cut their target price on Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th. Finally, Macquarie reissued an “outperform” rating and set a C$40.00 target price on shares of Tourmaline Oil in a research report on Thursday, September 14th. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$35.33.
Shares of Tourmaline Oil (TOU) traded down C$0.15 on Thursday, hitting C$20.77. The stock had a trading volume of 1,936,889 shares, compared to its average volume of 1,159,763. The stock has a market cap of $5,630.00, a PE ratio of 17.31 and a beta of 0.02. Tourmaline Oil has a twelve month low of C$20.44 and a twelve month high of C$32.06.
About Tourmaline Oil
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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