National Bank Financial Cuts Tourmaline Oil (OTCMKTS:TRMLF) Price Target to C$85.00

Tourmaline Oil (OTCMKTS:TRMLFGet Rating) had its price objective cut by National Bank Financial from C$95.00 to C$85.00 in a research note released on Monday morning, The Fly reports.

Several other research analysts also recently issued reports on the company. CIBC lifted their price target on Tourmaline Oil from C$85.00 to C$90.00 in a research note on Wednesday, June 15th. Desjardins upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Monday, May 9th. Stifel Nicolaus raised their price objective on shares of Tourmaline Oil from C$90.50 to C$96.50 in a research note on Thursday, June 30th. TD Securities upgraded Tourmaline Oil from a hold rating to a buy rating in a research report on Thursday, June 30th. Finally, BMO Capital Markets increased their target price on Tourmaline Oil from C$75.00 to C$80.00 in a report on Thursday, May 5th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tourmaline Oil has a consensus rating of Buy and a consensus target price of $78.10.

Tourmaline Oil Stock Up 2.7 %

OTCMKTS TRMLF opened at $54.69 on Monday. The business has a 50 day moving average price of $55.08 and a 200 day moving average price of $46.51. Tourmaline Oil has a 1-year low of $22.26 and a 1-year high of $63.80.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.1785 dividend. This represents a dividend yield of 1.17%. The ex-dividend date was Tuesday, June 14th.

About Tourmaline Oil

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Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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