Tourmaline Oil Corp (TOU) Rating Reiterated by BMO Capital Markets

Tourmaline Oil Corp (TOU) Rating Reiterated by BMO Capital Markets

Several other analysts have also commented on the stock. TD Securities increased their price target on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Royal Bank of Canada decreased their price objective on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. GMP Securities decreased their price objective on shares of Tourmaline Oil Corp from C$51.50 to C$50.00 in a research report on Thursday, April 13th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$41.00 price objective on shares of Tourmaline Oil Corp in a research report on Wednesday, March 8th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$42.56.

Tourmaline Oil Corp (TSE:TOU)‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a research note issued on Tuesday. They currently have a C$36.00 target price on the stock. BMO Capital Markets’ target price suggests a potential upside of 33.28% from the stock’s current price.

Shares of Tourmaline Oil Corp (TSE:TOU) opened at 27.01 on Tuesday. The stock has a market capitalization of $7.27 billion and a PE ratio of 63.55. The company’s 50 day moving average is $27.70 and its 200-day moving average is $31.10. Tourmaline Oil Corp has a 52 week low of $25.79 and a 52 week high of $39.77.

In other Tourmaline Oil Corp news, Director Jill Terilee Angevine purchased 3,000 shares of Tourmaline Oil Corp stock in a transaction on Monday, March 13th. The stock was bought at an average cost of C$29.29 per share, with a total value of C$87,870.00. Also, insider Mike Rose purchased 5,000 shares of Tourmaline Oil Corp stock in a transaction on Tuesday, March 14th. The shares were acquired at an average cost of C$28.77 per share, with a total value of C$143,850.00. Insiders purchased a total of 17,000 shares of company stock valued at $483,965 over the last ninety days.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:TOU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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