Scotiabank Cuts Tourmaline Oil (TOU) Price Target to C$28.00

Tourmaline Oil (TSE:TOU) had its price objective reduced by stock analysts at Scotiabank from C$32.00 to C$28.00 in a research report issued on Thursday, February 15th. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 41.27% from the stock’s previous close.

TOU has been the topic of several other reports. National Bank Financial reduced their target price on Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. TD Securities increased their price objective on Tourmaline Oil from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 9th. CIBC cut their price objective on Tourmaline Oil from C$30.00 to C$27.50 in a report on Tuesday, January 23rd. Finally, Raymond James Financial cut their price objective on Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, January 11th. Seven equities research analysts have rated the stock with a buy rating, Tourmaline Oil presently has an average rating of “Buy” and a consensus price target of C$33.39.

Tourmaline Oil (TSE:TOU) opened at C$19.82 on Thursday. Tourmaline Oil has a 1 year low of C$17.78 and a 1 year high of C$31.75. The stock has a market capitalization of $5,370.00, a PE ratio of 16.52 and a beta of -0.18.

In related news, insider Mike Rose bought 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of C$21.61 per share, for a total transaction of C$108,050.00. Insiders bought 15,000 shares of company stock worth $319,050 in the last 90 days.

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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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