Shares of Tourmaline Oil Corp (TSE:TOU) have been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the company. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$38.00.
A number of equities research analysts have commented on TOU shares. Raymond James Financial Inc. set a C$39.50 price objective on shares of Tourmaline Oil Corp in a research report on Monday, June 6th. Royal Bank Of Canada increased their price objective on shares of Tourmaline Oil Corp from C$36.00 to C$38.00 in a research report on Thursday, July 14th. TD Securities increased their price objective on shares of Tourmaline Oil Corp from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, June 16th. Scotiabank reissued an “outperform” rating and issued a C$38.00 price objective on shares of Tourmaline Oil Corp in a research report on Thursday, August 4th. Finally, FirstEnergy Capital raised shares of Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research report on Thursday, June 23rd.
Tourmaline Oil Corp (TSE:TOU) opened at 36.80 on Thursday. Tourmaline Oil Corp has a 52-week low of $20.83 and a 52-week high of $37.90. The company’s 50-day moving average is $35.73 and its 200-day moving average is $32.08. The firm’s market capitalization is $8.63 billion.
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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