RBC Capital Markets Raises Tourmaline Oil Corp (TOU) Price Target to C$40.00
Tourmaline Oil Corp (TSE:TOU) had its price target lifted by equities researchers at RBC Capital Markets from C$38.00 to C$40.00 in a note issued to investors on Thursday. RBC Capital Markets’ price objective indicates a potential upside of 12.08% from the company’s current price.
TOU has been the subject of a number of other research reports. Scotiabank reissued an “outperform” rating and set a C$35.00 target price on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. Royal Bank Of Canada lifted their target price on shares of Tourmaline Oil Corp from C$36.00 to C$38.00 in a research note on Thursday, July 14th. TD Securities lifted 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 note on Monday, August 8th. Finally, FirstEnergy Capital raised shares of Tourmaline Oil Corp from an “outperform” rating to a “top pick” rating in a research note on Thursday, June 23rd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$38.19.
Shares of Tourmaline Oil Corp (TSE:TOU) traded up 1.82% during midday trading on Thursday, reaching $36.34. 340,928 shares of the company’s stock traded hands. The stock’s market cap is $8.52 billion. Tourmaline Oil Corp has a 12 month low of $20.83 and a 12 month high of $37.90. The stock has a 50 day moving average of $36.01 and a 200-day moving average of $32.41.
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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