Tourmaline Oil Corp (TOU) Stock Rating Reaffirmed by TD Securities
Tourmaline Oil Corp (TSE:TOU)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Securities in a report issued on Tuesday. They currently have a C$44.00 price target on the stock. TD Securities’ price target would indicate a potential upside of 24.58% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Scotiabank boosted their price target on shares of Tourmaline Oil Corp from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, November 11th. Royal Bank Of Canada boosted their price target on shares of Tourmaline Oil Corp from C$38.00 to C$40.00 in a report on Thursday, October 13th. Finally, RBC Capital Markets boosted their price target on shares of Tourmaline Oil Corp from C$38.00 to C$40.00 in a report on Thursday, October 13th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$38.21.
Tourmaline Oil Corp (TSE:TOU) opened at 35.32 on Tuesday. The firm’s market cap is $8.28 billion. Tourmaline Oil Corp has a 12-month low of $20.83 and a 12-month high of $39.77. The company’s 50 day moving average is $35.80 and its 200 day moving average is $33.93.
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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