Tourmaline Oil Corp (TOU) Price Target Raised to C$34.00 at TD Securities
A number of other equities research analysts have also recently weighed in on TOU. Macquarie restated an outperform rating and issued a C$40.00 price target on shares of Tourmaline Oil Corp in a research note on Thursday, September 14th. CIBC decreased their price objective on Tourmaline Oil Corp from C$33.00 to C$30.00 in a report on Tuesday, October 17th. BMO Capital Markets decreased their price objective on Tourmaline Oil Corp from C$34.00 to C$28.00 in a report on Tuesday, October 10th. National Bank Financial decreased their price objective on Tourmaline Oil Corp from C$40.00 to C$37.50 and set an outperform rating on the stock in a report on Friday, October 13th. Finally, Royal Bank Of Canada decreased their price objective on Tourmaline Oil Corp from C$40.00 to C$35.00 in a report on Thursday, July 20th. Seven analysts have rated the stock with a buy rating, Tourmaline Oil Corp presently has an average rating of Buy and a consensus price target of C$37.85.
Tourmaline Oil Corp (TOU) traded down C$0.02 on Thursday, reaching C$26.81. The company had a trading volume of 903,607 shares, compared to its average volume of 608,973. Tourmaline Oil Corp has a twelve month low of C$21.48 and a twelve month high of C$39.06.
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In other news, Director John William Elick sold 4,116 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$26.35, for a total transaction of C$108,456.60. Also, insider Mike Rose bought 2,500 shares of Tourmaline Oil Corp stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of C$25.38 per share, for a total transaction of C$63,450.00. Over the last ninety days, insiders acquired 25,500 shares of company stock worth $608,370 and sold 154,116 shares worth $3,730,957.
About Tourmaline Oil Corp
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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