Tourmaline Oil Corp (TSE:TOU) had its target price boosted by equities researchers at Royal Bank Of Canada from C$38.00 to C$40.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target points to a potential upside of 9.86% from the stock’s previous close.
TOU has been the subject of a number of other research reports. RBC Capital Markets increased their target price on Tourmaline Oil Corp from C$38.00 to C$40.00 in a report on Thursday. TD Securities increased their target price on 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. Scotiabank restated an “outperform” rating and issued a C$38.00 target price on shares of Tourmaline Oil Corp in a report on Thursday, August 4th. Finally, FirstEnergy Capital upgraded Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a report on Thursday, June 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$37.79.
Shares of Tourmaline Oil Corp (TSE:TOU) opened at 36.41 on Thursday. The stock’s market cap is $8.53 billion. The stock has a 50 day moving average price of $36.07 and a 200 day moving average price of $32.51. Tourmaline Oil Corp has a 12 month low of $20.83 and a 12 month high of $37.90.
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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