Desjardins Raises Tourmaline Oil (OTCMKTS:TRMLF) Price Target to C$100.00

Tourmaline Oil (OTCMKTS:TRMLFGet Rating) had its price target lifted by Desjardins from C$91.00 to C$100.00 in a research note issued to investors on Monday, The Fly reports.

TRMLF has been the subject of several other reports. CIBC upped their price target on shares of Tourmaline Oil from C$85.00 to C$90.00 in a research report on Wednesday, June 15th. TD Securities upgraded shares of Tourmaline Oil from a hold rating to a buy rating in a research report on Thursday, June 30th. Scotiabank upped their price target on shares of Tourmaline Oil from C$98.00 to C$106.00 in a research report on Thursday, July 14th. National Bank Financial cut their price target on shares of Tourmaline Oil from C$95.00 to C$85.00 in a research report on Monday, July 18th. Finally, Stifel Nicolaus upped their price target on shares of Tourmaline Oil from C$90.50 to C$96.50 in a research report on Thursday, June 30th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tourmaline Oil currently has a consensus rating of Buy and an average price target of $80.10.

Tourmaline Oil Trading Down 1.8 %

Shares of OTCMKTS:TRMLF opened at $58.95 on Monday. Tourmaline Oil has a 52-week low of $22.26 and a 52-week high of $63.80. The firm has a fifty day moving average of $55.44 and a 200 day moving average of $48.13.

Tourmaline Oil Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be paid a dividend of $1.5559 per share. This is an increase from Tourmaline Oil’s previous dividend of $0.18. The ex-dividend date is Thursday, August 4th. This represents a dividend yield of 9.94%.

Tourmaline Oil Company Profile

(Get Rating)

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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