Tourmaline Oil Stock – Tourmaline Oil (TSE:TOU) Given New C$35.00 price Target at CIBC
Tourmaline Oil (TSE:TOU) had its price target increased by analysts at CIBC from C$30.00 to C$35.00 in a report released on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 20.86% from the stock’s current price.
TOU has been the topic of a number of other research reports. Canaccord Genuity raised their target price on shares of Tourmaline Oil from C$32.50 to C$34.00 and gave the stock a “na” rating in a research note on Thursday. Scotiabank increased their price target on Tourmaline Oil from C$40.00 to C$41.00 in a research note on Thursday. Tudor Pickering reaffirmed a “buy” rating and issued a C$30.00 price objective on shares of Tourmaline Oil in a research note on Thursday. Cormark lifted their target price on Tourmaline Oil from C$30.00 to C$35.00 and gave the company a “na” rating in a research note on Thursday, March 11th. Finally, National Bank Financial increased their price objective on shares of Tourmaline Oil from C$30.00 to C$37.50 and gave the company an “outperform” rating in a report on Friday, February 19th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$34.32.
TOU stock traded up C$0.32 during trading on Friday, reaching C$28.96. The stock had a trading volume of 842,816 shares, compared to its average volume of 1,404,251. Tourmaline Oil has a 52 week low of C$11.40 and a 52 week high of C$29.71. The firm has a market cap of C$8.59 billion and a PE ratio of 12.78. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 21.38. The stock’s 50 day moving average is C$24.58 and its two-hundred day moving average is C$20.89.
Tourmaline Oil (TSE:TOU) last announced its earnings results on Wednesday, March 10th. The company reported C$0.47 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.40 by C$0.07. The company had revenue of C$688.37 million during the quarter. On average, research analysts anticipate that Tourmaline Oil will post 2.3800002 EPS for the current year.
In other Tourmaline Oil news, Senior Officer Mike Rose acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The stock was bought at an average price of C$24.63 per share, for a total transaction of C$123,130.50. Following the acquisition, the insider now directly owns 8,778,837 shares in the company, valued at C$216,188,517.85. In the last ninety days, insiders have bought 20,000 shares of company stock worth $476,555.
Tourmaline Oil Company Profile
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.
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