Tourmaline Oil (TSE:TOU) Given a C$78.00 Price Target at Raymond James

Tourmaline Oil (TSE:TOU - Get Free Report) has been given a C$78.00 price target by analysts at Raymond James in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James' price objective would suggest a potential upside of 31.16% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. UBS Group upped their price target on Tourmaline Oil from C$79.00 to C$80.00 in a report on Thursday, February 13th. Jefferies Financial Group raised their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. National Bankshares lifted their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Cormark upgraded Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. Finally, CIBC raised their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$77.75.

Tourmaline Oil Stock Up 4.3 %

Shares of TSE:TOU traded up C$2.47 during midday trading on Tuesday, hitting C$59.47. 3,120,630 shares of the company's stock traded hands, compared to its average volume of 2,372,604. The firm's fifty day moving average price is C$65.94 and its two-hundred day moving average price is C$65.20. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01. Tourmaline Oil has a twelve month low of C$55.27 and a twelve month high of C$70.83. The company has a market cap of C$22.16 billion, a PE ratio of 13.43, a P/E/G ratio of 1.72 and a beta of 1.30.

Insider Buying and Selling

In other news, Director Jill Terilee Angevine acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of C$66.63 per share, for a total transaction of C$66,630.00. Also, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of C$67.43 per share, with a total value of C$168,575.00. In the last 90 days, insiders have purchased 13,500 shares of company stock valued at $883,369. Insiders own 5.13% of the company's stock.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.