Tourmaline Oil (TOU) News Today

Tourmaline Oil Corp. (TSE:TOU) is seeing mixed analyst activity, with some firms raising their outlooks while others trim targets or ratings. Key developments impacting investor sentiment include:

• Positive Sentiment: ATB Capital raised its price target on Tourmaline Oil to C$77.00 and reiterated an “outperform” rating, signaling heightened confidence in the company’s prospects. Tourmaline Oil Given New C$77.00 Price Target
• Positive Sentiment: Tourmaline Oil declared a quarterly dividend of C$0.35 per share (annualized yield of 2.22%), underlining its commitment to returning capital to shareholders. Tourmaline Oil Declares Quarterly Dividend of $0.35
• Neutral Sentiment: TD Securities trimmed its price target from C$76.00 to C$73.00 but maintained a “buy” rating, reflecting cautious optimism about the stock. TD Securities Lowers Price Target
• Negative Sentiment: Shares traded down roughly 4.7% following a broad analyst downgrade in sentiment. Tourmaline Oil Trading Down 4.7%
• Negative Sentiment: CIBC reduced its price objective on Tourmaline Oil from C$75.00 to C$74.00, despite keeping an “outperform” rating. CIBC Lowers Expectations
• Negative Sentiment: Raymond James Financial downgraded the stock from “outperform” to “market perform” and cut its price target from C$76.00 to C$74.00. Tourmaline Oil Downgraded by Raymond James
• Negative Sentiment: Royal Bank of Canada lowered its price target on the stock from C$78.00 to C$75.00, indicating a slightly more cautious outlook. RBC Lowers Price Target