Tourmaline Oil (TSE:TOU - Get Free Report) was upgraded by analysts at Raymond James to a "moderate buy" rating in a note issued to investors on Monday, April 7th,Zacks.com reports.
Several other equities analysts also recently commented on the company. Desjardins downgraded Tourmaline Oil from a "buy" rating to a "hold" rating and decreased their target price for the company from C$80.00 to C$74.00 in a research report on Wednesday, March 19th. Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. CIBC upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. Cormark upgraded shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. Finally, National Bankshares lifted their price objective on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$77.75.
Get Our Latest Report on Tourmaline Oil
Tourmaline Oil Stock Performance
Shares of TSE:TOU traded up C$0.60 on Monday, hitting C$60.07. The company had a trading volume of 628,720 shares, compared to its average volume of 2,347,409. The stock has a 50 day moving average price of C$65.94 and a 200 day moving average price of C$65.20. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The stock has a market cap of C$22.39 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a 1-year low of C$55.27 and a 1-year high of C$70.83.
Insider Transactions at Tourmaline Oil
In related news, Senior Officer Mike Rose acquired 2,500 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$63.30 per share, with a total value of C$158,252.50. Also, Director Jill Terilee Angevine bought 1,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of C$66.63 per share, for a total transaction of C$66,630.00. Insiders have bought 13,500 shares of company stock valued at $883,369 over the last ninety days. 5.13% of the stock is owned by company insiders.
Tourmaline Oil Company Profile
(
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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.
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