Several other brokerages also recently commented on TOU. Royal Bank Of Canada reaffirmed an outperform rating and set a C$36.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, June 16th. TD Securities raised their price objective on Tourmaline Oil Corp from C$34.00 to C$36.00 and gave the stock a buy rating in a research note on Thursday, June 16th. Scotiabank reaffirmed an outperform rating and set a C$38.00 price objective on shares of Tourmaline Oil Corp in a research note on Thursday, August 4th. Finally, FirstEnergy Capital raised Tourmaline Oil Corp from an outperform rating to a top pick rating in a research note on Thursday, June 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$37.79.
Tourmaline Oil Corp (TSE:TOU) opened at 37.16 on Thursday. The firm’s market cap is $8.71 billion. Tourmaline Oil Corp has a 52-week low of $20.83 and a 52-week high of $37.90. The company’s 50 day moving average price is $36.15 and its 200 day moving average price is $32.73.
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.
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