Tourmaline Oil (TSE:TOU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Tourmaline Oil (TSE:TOU - Get Free Report) had its price objective lifted by equities research analysts at Jefferies Financial Group from C$73.00 to C$76.00 in a research note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group's price target indicates a potential upside of 22.70% from the company's current price.

TOU has been the subject of a number of other reports. National Bankshares set a C$72.50 price target on shares of Tourmaline Oil and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Cormark upgraded Tourmaline Oil to a "hold" rating in a research note on Monday, September 23rd. Canaccord Genuity Group lowered their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Finally, TD Securities lowered their price target on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$78.21.

Tourmaline Oil Trading Down 1.7 %

Shares of TSE TOU traded down C$1.10 during midday trading on Monday, reaching C$61.94. The company had a trading volume of 1,542,270 shares, compared to its average volume of 2,401,780. The stock has a market cap of C$22.99 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$69.25. The firm's fifty day moving average price is C$64.18 and its 200-day moving average price is C$62.63. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24.

Tourmaline Oil (TSE:TOU - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The firm had revenue of C$1.47 billion for the quarter, compared to analysts' expectations of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. On average, equities research analysts anticipate that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Insider Activity at Tourmaline Oil

In related news, Senior Officer Mike Rose purchased 2,500 shares of Tourmaline Oil stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of C$58.40 per share, for a total transaction of C$146,004.50. Also, Senior Officer William Scott Kirker sold 66,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$66.37, for a total transaction of C$4,380,274.80. In the last three months, insiders have acquired 17,500 shares of company stock valued at $1,081,948. 5.13% of the stock is owned by corporate insiders.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.