Tourmaline Oil (TSE:TOU – Get Free Report) had its target price decreased by equities research analysts at Desjardins from C$75.00 to C$74.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 12.02% from the stock’s current price.
Other equities analysts have also issued research reports about the company. TD Securities lowered their price target on Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Canaccord Genuity Group dropped their target price on Tourmaline Oil from C$75.00 to C$72.50 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets decreased their price target on Tourmaline Oil from C$78.00 to C$75.00 in a report on Thursday, March 28th. Jefferies Financial Group boosted their price objective on Tourmaline Oil from C$70.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, ATB Capital reduced their price target on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tourmaline Oil presently has an average rating of “Buy” and a consensus target price of C$78.08.
View Our Latest Research Report on TOU
Tourmaline Oil Stock Up 0.5 %
Tourmaline Oil (TSE:TOU – Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.41 by C$0.59. The business had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Tourmaline Oil had a return on equity of 12.53% and a net margin of 35.87%. On average, analysts predict that Tourmaline Oil will post 4.710507 EPS for the current fiscal year.
Insider Transactions at Tourmaline Oil
In other Tourmaline Oil news, Senior Officer Mike Rose purchased 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were acquired at an average price of C$59.42 per share, with a total value of C$148,543.00. In other news, Director Janet Weiss acquired 650 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was acquired at an average cost of C$43.66 per share, with a total value of C$28,376.40. Also, Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of C$59.42 per share, with a total value of C$148,543.00. Insiders have purchased a total of 13,680 shares of company stock worth $795,961 in the last quarter. 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.
Recommended Stories
- Five stocks we like better than Tourmaline Oil
- How to Capture the Benefits of Dividend Increases
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Consumer Staples Stocks, Explained
- Lockheed Martin Stock Aims for a Fresh All-Time High
- What Are Dividend Champions? How to Invest in the Champions
- 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.