Royal Bank Of Canada Boosts Tourmaline Oil Corp (TOU) Price Target to C$40.00

Tourmaline Oil Corp (TSE:TOU) had its target price upped by Royal Bank Of Canada from C$38.00 to C$40.00 in a report issued on Thursday, reports.

A number of other equities analysts also recently issued reports on the company. FirstEnergy Capital raised Tourmaline Oil Corp from an outperform rating to a top pick rating in a report on Thursday, June 23rd. TD Securities upped their price target on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a buy rating in a report on Monday, August 8th. Scotiabank reiterated an outperform rating and issued a C$38.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, August 4th. Finally, RBC Capital Markets boosted their price objective on Tourmaline Oil Corp from C$38.00 to C$40.00 in a research note on Thursday, October 13th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$37.79.

Analyst Recommendations for Tourmaline Oil Corp (TSE:TOU)

Shares of Tourmaline Oil Corp (TSE:TOU) opened at 36.82 on Thursday. Tourmaline Oil Corp has a 1-year low of $20.83 and a 1-year high of $37.90. The company has a 50-day moving average of $36.12 and a 200-day moving average of $32.65. The firm’s market cap is $8.63 billion.

Tourmaline Oil Corp 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.

Stock Target Prices

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