Tourmaline Oil (TSE:TOU – Get Free Report) had its price target lowered by Desjardins from C$75.00 to C$74.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 12.02% from the stock’s current price.
TOU has been the topic of several other research reports. National Bankshares cut their price target on shares of Tourmaline Oil from C$80.00 to C$70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. ATB Capital reduced their target price on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Scotiabank lowered their price target on shares of Tourmaline Oil from C$100.00 to C$90.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. TD Securities cut their price objective on shares of Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, Raymond James lowered their target price on Tourmaline Oil from C$90.00 to C$85.00 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tourmaline Oil has a consensus rating of “Buy” and an average price target of C$78.08.
Read Our Latest Research Report on Tourmaline Oil
Tourmaline Oil Trading Up 0.5 %
Tourmaline Oil (TSE:TOU – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$2.00 EPS for the quarter, topping analysts’ consensus estimates of C$1.41 by C$0.59. Tourmaline Oil had a return on equity of 12.53% and a net margin of 35.87%. The business had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.49 billion. As a group, research analysts forecast that Tourmaline Oil will post 4.710507 earnings per share for the current year.
Insiders Place Their Bets
In other Tourmaline Oil news, Director Janet Weiss acquired 650 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was acquired at an average price of C$43.66 per share, with a total value of C$28,376.40. In related news, Senior Officer Mike Rose acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of C$62.25 per share, for a total transaction of C$311,259.00. Also, Director Janet Weiss bought 650 shares of the business’s stock in a transaction on Friday, January 26th. The stock was purchased at an average price of C$43.66 per share, with a total value of C$28,376.40. Over the last three months, insiders have acquired 13,680 shares of company stock valued at $795,961. Company insiders own 5.19% of the company’s stock.
About Tourmaline Oil
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.
Recommended Stories
- Five stocks we like better than Tourmaline Oil
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Charles Schwab Fortifies its Uptrend on EPS Beat
- What Are Growth Stocks and Investing in Them
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Trading Halts Explained
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.