Tourmaline Oil Corp. (TOU) PT Raised to C$34.00
Tourmaline Oil Corp. (TSE:TOU) had its target price increased by TD Securities from C$32.00 to C$34.00 in a research note published on Thursday morning. The firm currently has a buy rating on the stock.
A number of other equities research analysts also recently issued reports on TOU. Royal Bank Of Canada reduced their price objective on shares of Tourmaline Oil Corp. from C$40.00 to C$35.00 in a research note on Thursday, July 20th. Raymond James Financial, Inc. increased their price objective on shares of Tourmaline Oil Corp. from C$33.00 to C$36.00 and gave the stock an outperform rating in a research note on Thursday, August 3rd. Macquarie reiterated an outperform rating and set a C$40.00 price objective on shares of Tourmaline Oil Corp. in a research note on Thursday, September 14th. BMO Capital Markets reduced their price objective on shares of Tourmaline Oil Corp. from C$34.00 to C$28.00 in a research note on Tuesday, October 10th. Finally, National Bank Financial reduced their price objective on shares of Tourmaline Oil Corp. from C$40.00 to C$37.50 and set an outperform rating on the stock in a research note on Friday, October 13th. Seven analysts have rated the stock with a buy rating, Tourmaline Oil Corp. currently has a consensus rating of Buy and an average target price of C$37.85.
Shares of Tourmaline Oil Corp. (TSE:TOU) opened at C$26.81 on Thursday. Tourmaline Oil Corp. has a one year low of C$21.48 and a one year high of C$39.06.
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In other news, insider Brian Robinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of C$24.20, for a total value of C$2,420,000.00. Also, insider Ronald John Hill purchased 8,000 shares of Tourmaline Oil Corp. stock in a transaction dated Wednesday, October 18th. The stock was bought at an average price of C$22.89 per share, for a total transaction of C$183,120.00. Over the last 90 days, insiders bought 25,500 shares of company stock worth $608,370 and sold 154,116 shares worth $3,730,957.
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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