UBS Group Issues Positive Forecast for Tourmaline Oil (TSE:TOU) Stock Price

Tourmaline Oil (TSE:TOU) had its price target upped by analysts at UBS Group from C$70.00 to C$73.00 in a research report issued on Monday,BayStreet.CA reports. UBS Group’s price objective points to a potential upside of 16.06% from the stock’s current price.

Several other equities analysts have also commented on TOU. Cormark upgraded shares of Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. National Bankshares set a C$72.50 price target on shares of Tourmaline Oil and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Desjardins boosted their price target on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group lifted their price objective on shares of Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Finally, Scotiabank lifted their price objective on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$77.96.

Tourmaline Oil Stock Performance

TOU traded up C$0.59 on Monday, reaching C$62.90. 330,914 shares of the stock were exchanged, compared to its average volume of 2,410,803. The company’s 50-day moving average price is C$64.13 and its 200 day moving average price is C$62.82. Tourmaline Oil has a fifty-two week low of C$53.45 and a fifty-two week high of C$69.25. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. The firm has a market capitalization of C$23.35 billion, a PE ratio of 14.89, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The firm had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. As a group, sell-side analysts forecast that Tourmaline Oil will post 5.6809091 EPS for the current fiscal year.

Insider Activity

In other Tourmaline Oil news, Director Jill Terilee Angevine purchased 2,500 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$59.85 per share, with a total value of C$149,625.00. Also, Senior Officer Mike Rose purchased 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of C$57.07 per share, with a total value of C$285,369.00. Over the last quarter, insiders bought 17,500 shares of company stock valued at $1,054,848. 5.13% of the stock is currently owned by company insiders.

Tourmaline Oil Company Profile

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.