Tourmaline Oil (TSE:TOU – Get Free Report) had its target price decreased by stock analysts at TD Securities from C$77.00 to C$75.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.14% from the company’s previous close.
A number of other equities research analysts also recently weighed in on TOU. Cormark raised Tourmaline Oil to a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group lowered their price target on Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Canaccord Genuity Group decreased their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday. Desjardins raised their target price on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Scotiabank upped their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. 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’s stock. According to MarketBeat.com, Tourmaline Oil has a consensus rating of “Moderate Buy” and an average price target of C$77.86.
Tourmaline Oil Trading Down 0.5 %
Tourmaline Oil (TSE:TOU – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.09 by C($0.37). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. On average, sell-side analysts predict that Tourmaline Oil will post 5.6809091 EPS for the current year.
Insider Buying and Selling at Tourmaline Oil
In other Tourmaline Oil news, Director Jill Terilee Angevine bought 1,300 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of C$61.29 per share, for a total transaction of C$79,677.00. In related news, Director Jill Terilee Angevine purchased 1,300 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of C$61.29 per share, with a total value of C$79,677.00. Also, Senior Officer Mike Rose acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of C$60.56 per share, with a total value of C$302,778.50. In the last quarter, insiders acquired 36,800 shares of company stock worth $2,233,566. 5.13% of the stock is currently owned by 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.
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