Tourmaline Oil Corp (TOU) Given Consensus Recommendation of “Buy” by Brokerages
Tourmaline Oil Corp (TSE:TOU) has received an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$35.33.
A number of research analysts have weighed in on the stock. Raymond James Financial cut their price objective on shares of Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating for the company in a report on Thursday, January 11th. National Bank Financial cut their price objective on shares of Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating for the company in a report on Tuesday, January 9th. BMO Capital Markets cut their price objective on shares of Tourmaline Oil from C$34.00 to C$28.00 in a report on Tuesday, October 10th. TD Securities lifted their target price on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, CIBC dropped their target price on shares of Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th.
Tourmaline Oil (TSE TOU) opened at C$21.09 on Wednesday. Tourmaline Oil has a fifty-two week low of C$20.44 and a fifty-two week high of C$32.06. The firm has a market cap of $5,730.00, a price-to-earnings ratio of 17.58 and a beta of 0.02.
In related news, insider Mike Rose bought 2,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of C$25.55 per share, for a total transaction of C$51,100.00. In the last quarter, insiders bought 13,000 shares of company stock worth $303,090.
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.
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.