Tourmaline Oil (TSE:TOU) Price Target Raised to C$76.00 at Jefferies Financial Group

Tourmaline Oil (TSE:TOU) had its price objective increased by stock analysts at Jefferies Financial Group from C$73.00 to C$76.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 23.20% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. 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. UBS Group boosted their price target on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Cormark raised Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Canaccord Genuity Group dropped their target price on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Finally, TD Securities cut their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$78.21.

Tourmaline Oil Stock Down 2.1 %

Shares of TSE TOU traded down C$1.35 during mid-day trading on Monday, reaching C$61.69. The company had a trading volume of 334,502 shares, compared to its average volume of 2,396,573. Tourmaline Oil has a 52-week low of C$53.45 and a 52-week high of C$69.25. The stock has a market cap of C$22.90 billion, a P/E ratio of 14.61, a PEG ratio of 1.72 and a beta of 1.30. 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 firm has a 50 day simple moving average of C$64.24 and a two-hundred day simple moving average of C$62.67.

Tourmaline Oil (TSE:TOU) last posted its earnings results 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). The firm had revenue of C$1.47 billion during the quarter, compared to analysts’ expectations of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Sell-side analysts predict that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Insider Activity at Tourmaline Oil

In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price 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 shares were sold at an average price of C$66.37, for a total value of C$4,380,274.80. Over the last 90 days, insiders have bought 17,500 shares of company stock worth $1,081,948. 5.13% of the stock is owned by 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.