Tourmaline Oil Corp (TOU) Price Target Increased to C$40.00 by Analysts at Royal Bank Of Canada
A number of other analysts have also recently issued reports on TOU. Scotiabank reissued an outperform rating and issued a C$35.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. TD Securities increased their price objective on shares of Tourmaline Oil Corp from C$34.00 to C$36.00 and gave the stock a buy rating in a research note on Thursday, June 16th. 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. Finally, RBC Capital Markets increased their price objective on shares of Tourmaline Oil Corp from C$38.00 to C$40.00 in a research note on Thursday. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$38.35.
Tourmaline Oil Corp (TSE:TOU) traded up 0.63% during mid-day trading on Thursday, reaching $36.52. 122,608 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $36.04 and a 200-day moving average price of $32.44. The stock’s market capitalization is $8.56 billion. Tourmaline Oil Corp has a 12-month low of $20.83 and a 12-month high of $37.90.
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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