Brokerages Set Tourmaline Oil Corp (TSE:TOU) PT at $38.00
Shares of Tourmaline Oil Corp (TSE:TOU) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock. Seven equities research 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 objective among brokerages that have covered the stock in the last year is C$38.00.
A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Scotiabank reaffirmed an “outperform” rating and set a C$38.00 target price on shares of Tourmaline Oil Corp in a research report on Thursday, August 4th. Royal Bank Of Canada raised their target price on shares of Tourmaline Oil Corp from C$36.00 to C$38.00 in a research report on Thursday, July 14th. 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. Finally, Raymond James Financial Inc. set a C$39.50 target price on shares of Tourmaline Oil Corp in a research report on Monday, June 6th.
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 has a 50-day moving average price of $35.73 and a 200 day moving average price of $32.08. The company’s market capitalization is $8.63 billion.
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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