Raymond James Financial Raises Tourmaline Oil (TOU) Price Target to C$28.00

Tourmaline Oil (TSE:TOU) had its target price hoisted by Raymond James Financial from C$27.50 to C$28.00 in a research note issued to investors on Thursday morning. Raymond James Financial currently has an outperform rating on the stock.

TOU has been the subject of a number of other research reports. National Bank Financial decreased their price objective on shares of Tourmaline Oil from C$37.50 to C$30.00 and set an outperform rating for the company in a report on Tuesday, January 9th. Scotiabank decreased their price objective on shares of Tourmaline Oil from C$32.00 to C$28.00 and set an outperform rating for the company in a report on Thursday. CIBC decreased their price objective on shares of Tourmaline Oil from C$30.00 to C$27.50 in a report on Tuesday, January 23rd. Finally, TD Securities lifted their price objective on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the company a buy rating in a report on Thursday, November 9th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of C$33.39.

Shares of Tourmaline Oil (TSE TOU) opened at C$19.27 on Thursday. The stock has a market cap of $5,220.00, a PE ratio of 16.06 and a beta of -0.18. Tourmaline Oil has a twelve month low of C$17.78 and a twelve month high of C$31.95.

In other Tourmaline Oil news, insider Mike Rose bought 2,000 shares of the business’s stock in a transaction on Thursday, November 23rd. The shares were acquired at an average price of C$23.60 per share, with a total value of C$47,200.00. Insiders have purchased a total of 19,000 shares of company stock valued at $413,850 in the last quarter.

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Tourmaline Oil 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.

Analyst Recommendations for Tourmaline Oil (TSE:TOU)

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