Tourmaline Oil (TSE:TOU) PT Set at C$78.00 by Raymond James

Tourmaline Oil (TSE:TOU) received a C$78.00 price objective from investment analysts at Raymond James in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 32.20% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Desjardins lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$80.00 to C$74.00 in a research note on Wednesday, March 19th. Cormark raised Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. National Bankshares upped their price objective on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 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 boosted their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Tourmaline Oil has an average rating of “Moderate Buy” and a consensus price target of C$78.50.

Tourmaline Oil Trading Up 3.5 %

TSE:TOU opened at C$59.00 on Tuesday. The firm has a market cap of C$21.99 billion, a P/E ratio of 13.32, a P/E/G 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 has a 50-day simple moving average of C$66.28 and a 200-day simple moving average of C$65.22. Tourmaline Oil has a one year low of C$55.27 and a one year high of C$70.83.

Insider Activity

In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of C$67.43 per share, with a total value of C$168,575.00. Also, Director Jill Terilee Angevine bought 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of C$66.63 per share, with a total value of C$66,630.00. Insiders bought a total of 13,500 shares of company stock worth $883,369 in the last three months. 5.13% of the stock is owned by insiders.

Tourmaline Oil Company Profile

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.