Tourmaline Oil Corp. (TSE:TOU) had its price objective raised by TD Securities from C$32.00 to C$34.00 in a research note published on Thursday, November 9th. The brokerage currently has a buy rating on the stock.
TOU has been the subject of several other reports. BMO Capital Markets reduced their price objective on Tourmaline Oil Corp. from C$34.00 to C$28.00 in a report on Tuesday, October 10th. Royal Bank Of Canada reduced their price objective on Tourmaline Oil Corp. from C$40.00 to C$35.00 in a report on Thursday, July 20th. Macquarie reissued an outperform rating and set a C$40.00 price objective on shares of Tourmaline Oil Corp. in a report on Thursday, September 14th. National Bank Financial reduced their price objective on Tourmaline Oil Corp. from C$40.00 to C$37.50 and set an outperform rating for the company in a report on Friday, October 13th. Finally, Raymond James Financial, Inc. increased their price objective on Tourmaline Oil Corp. from C$33.00 to C$36.00 and gave the company an outperform rating in a report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a buy rating, Tourmaline Oil Corp. currently has an average rating of Buy and an average target price of C$37.85.
Tourmaline Oil Corp. (TSE TOU) opened at C$23.46 on Thursday. Tourmaline Oil Corp. has a twelve month low of C$21.48 and a twelve month high of C$39.06.
In other Tourmaline Oil Corp. news, insider Mike Rose acquired 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of C$23.80 per share, for a total transaction of C$47,600.00. Also, insider Drew E. Tumbach sold 50,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of C$24.05, for a total value of C$1,202,500.00. In the last 90 days, insiders have acquired 31,500 shares of company stock worth $756,210.
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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