Several other research firms have also commented on TOU. TD Securities boosted their price target on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a buy rating in a report on Monday, August 8th. Royal Bank Of Canada lifted 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. Scotiabank reaffirmed 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. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$38.35.
Tourmaline Oil Corp (TSE:TOU) traded up 0.63% on Thursday, reaching $36.52. 122,608 shares of the company’s stock traded hands. Tourmaline Oil Corp has a 12-month low of $20.83 and a 12-month high of $37.90. The stock’s market cap is $8.56 billion. The stock has a 50 day moving average price of $36.04 and a 200 day moving average price of $32.44.
About Tourmaline Oil Corp
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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