Tourmaline Oil Corp (TOU) PT Raised to C$41.00
Tourmaline Oil Corp (TSE:TOU) had its price target lifted by Scotiabank from C$38.00 to C$41.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 17.88% from the company’s previous close.
A number of other brokerages have also commented on TOU. Royal Bank Of Canada boosted their target price on Tourmaline Oil Corp from C$38.00 to C$40.00 in a research report on Thursday, October 13th. RBC Capital Markets boosted their target price on Tourmaline Oil Corp from C$38.00 to C$40.00 in a research report on Thursday, October 13th. Finally, TD Securities boosted their target price on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Tourmaline Oil Corp has an average rating of “Buy” and an average price target of C$38.04.
Shares of Tourmaline Oil Corp (TSE:TOU) opened at 34.78 on Friday. The firm has a 50-day moving average price of $35.75 and a 200 day moving average price of $33.87. Tourmaline Oil Corp has a 1-year low of $20.83 and a 1-year high of $39.77. The company’s market cap is $8.15 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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