Tourmaline Oil (TSE:TOU) Price Target Raised to C$75.00

Tourmaline Oil (TSE:TOU - Get Free Report) had its price target hoisted by research analysts at National Bankshares from C$72.50 to C$75.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 23.54% from the company's current price.

Several other equities analysts have also weighed in on the stock. UBS Group raised their price objective on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Cormark upgraded shares of Tourmaline Oil to a "hold" rating in a report on Monday, September 23rd. TD Securities decreased their price target on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday. Finally, Canaccord Genuity Group decreased their target price on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$78.42.

Tourmaline Oil Price Performance

TSE:TOU traded down C$0.01 during midday trading on Thursday, hitting C$60.71. 1,330,821 shares of the stock were exchanged, compared to its average volume of 2,398,486. The business has a 50-day moving average price of C$63.93 and a two-hundred day moving average price of C$62.57. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The company has a market capitalization of C$22.54 billion, a price-to-earnings ratio of 14.39, a P/E/G 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.

Tourmaline Oil (TSE:TOU - Get Free Report) last announced its quarterly earnings data 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). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. Sell-side analysts predict that Tourmaline Oil will post 5.6809091 EPS for the current year.

Insider Activity

In related news, Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction dated Friday, September 20th. The shares were acquired 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 on Friday, October 4th. The stock was sold at an average price of C$66.37, for a total value of C$4,380,274.80. Insiders have acquired 17,500 shares of company stock worth $1,081,948 in the last 90 days. Company insiders own 5.13% of the company's stock.

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.