Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $32.25.
A number of equities analysts have recently commented on the company. Raymond James raised their price target on Tourmaline Oil from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, March 11th. Desjardins raised their target price on Tourmaline Oil from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, March 15th. CIBC upped their price target on Tourmaline Oil from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 10th. National Bank Financial reissued an “outperform” rating on shares of Tourmaline Oil in a report on Friday, February 19th. Finally, Scotiabank boosted their price objective on shares of Tourmaline Oil from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday.
Tourmaline Oil stock opened at $19.58 on Friday. The firm has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $15.65. Tourmaline Oil has a 1-year low of $7.79 and a 1-year high of $21.95.
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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