Tourmaline Oil (TSE:TOU) Given a C$78.00 Price Target by Raymond James Analysts

Tourmaline Oil (TSE:TOU) received a C$78.00 price objective from Raymond James in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 33.36% from the stock’s current price.

Several other research analysts also recently issued reports on TOU. CIBC upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Cormark upgraded shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. Desjardins lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and dropped their target price for the company from C$80.00 to C$74.00 in a report on Wednesday, March 19th. UBS Group lifted their price objective on Tourmaline Oil from C$79.00 to C$80.00 in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upped their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$78.50.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock traded down C$1.09 during midday trading on Tuesday, hitting C$58.49. 1,146,782 shares of the company traded hands, compared to its average volume of 2,286,720. The stock has a market cap of C$21.80 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01. The firm’s fifty day moving average price is C$66.99 and its 200-day moving average price is C$65.29. Tourmaline Oil has a 12 month low of C$55.27 and a 12 month high of C$70.83.

Insider Buying and Selling at Tourmaline Oil

In related news, Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of C$67.43 per share, for a total transaction of C$168,575.00. Also, Director Jill Terilee Angevine acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of C$66.63 per share, for a total transaction of C$66,630.00. In the last 90 days, insiders bought 13,500 shares of company stock worth $883,369. Insiders own 5.13% of the company’s stock.

About Tourmaline Oil

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.