Tourmaline Oil (TSE:TOU – Get Free Report) had its price objective cut by equities researchers at BMO Capital Markets from C$78.00 to C$75.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 18.05% from the company’s current price.
Several other analysts have also recently weighed in on TOU. National Bankshares decreased their price objective on shares of Tourmaline Oil from C$80.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. ATB Capital dropped their price target on Tourmaline Oil from C$85.00 to C$80.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Scotiabank cut their price objective on Tourmaline Oil from C$100.00 to C$90.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Desjardins decreased their target price on Tourmaline Oil from C$76.00 to C$75.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, TD Securities reduced their price target on shares of Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Buy” and a consensus price target of C$77.42.
Read Our Latest Stock Report on Tourmaline Oil
Tourmaline Oil Price Performance
Insider Buying and Selling
In related news, Director Janet Weiss bought 650 shares of Tourmaline Oil stock in a transaction on Friday, January 26th. The shares were purchased at an average price of C$43.66 per share, for a total transaction of C$28,376.40. In other Tourmaline Oil news, Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of C$59.42 per share, for a total transaction of C$148,543.00. Also, Director Janet Weiss bought 650 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average cost of C$43.66 per share, with a total value of C$28,376.40. Insiders purchased a total of 20,180 shares of company stock valued at $1,171,702 over the last three months. Company insiders own 5.19% of the company’s stock.
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.
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