National Bank Financial Lowers Tourmaline Oil (TOU) Price Target to C$30.00
Tourmaline Oil (TSE:TOU) had its target price lowered by National Bank Financial from C$37.50 to C$30.00 in a research report released on Tuesday morning. The brokerage currently has an outperform rating on the stock.
TOU has been the topic of several other reports. BMO Capital Markets dropped their target price on Tourmaline Oil from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. Macquarie reaffirmed an outperform rating and issued a C$40.00 target price on shares of Tourmaline Oil in a research report on Thursday, September 14th. TD Securities upped their target price on Tourmaline Oil from C$32.00 to C$34.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, CIBC dropped their target price on Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th. Seven analysts have rated the stock with a buy rating, Tourmaline Oil currently has an average rating of Buy and an average target price of C$35.33.
Tourmaline Oil (TSE TOU) opened at C$21.96 on Tuesday. Tourmaline Oil has a 52-week low of C$20.44 and a 52-week high of C$32.06. The firm has a market capitalization of $5,950.00, a PE ratio of 18.30 and a beta of 0.02.
In related news, insider Mike Rose acquired 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of C$21.61 per share, with a total value of C$108,050.00. Also, insider Ronald John Hill acquired 8,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were bought at an average cost of C$22.89 per share, for a total transaction of C$183,120.00. Over the last ninety days, insiders acquired 21,000 shares of company stock worth $486,210.
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About Tourmaline Oil
Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.
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