Tourmaline Oil (TSE:TOU) Price Target Lowered to C$30.00 at National Bank Financial

Tourmaline Oil (TSE:TOU) had its price objective reduced by National Bank Financial from C$37.50 to C$30.00 in a research note released on Tuesday, January 9th. National Bank Financial currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. TD Securities lifted their price target on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the stock a buy rating in a research note on Thursday, November 9th. BMO Capital Markets reduced their price objective on shares of Tourmaline Oil from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. CIBC reduced their price objective on shares of Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th. Finally, Macquarie restated an outperform rating and set a C$40.00 price objective on shares of Tourmaline Oil in a research report on Thursday, September 14th. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average price target of C$35.33.

Tourmaline Oil (TOU) traded up C$0.13 during midday trading on Tuesday, hitting C$21.74. 157,888 shares of the stock traded hands, compared to its average volume of 1,056,364. Tourmaline Oil has a twelve month low of C$20.44 and a twelve month high of C$32.06. The stock has a market capitalization of $5,780.00, a price-to-earnings ratio of 18.12 and a beta of 0.02.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.11 by C$0.08. Tourmaline Oil had a net margin of 12.22% and a return on equity of 2.89%.

In other news, insider Ronald John Hill acquired 8,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were bought at an average cost of C$22.89 per share, with a total value of C$183,120.00. Also, insider Mike Rose purchased 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of C$25.55 per share, for a total transaction of C$51,100.00. Insiders acquired a total of 21,000 shares of company stock worth $486,210 over the last three months.

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Tourmaline Oil Company Profile

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.

Analyst Recommendations for Tourmaline Oil (TSE:TOU)

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