Tourmaline Oil (TSE:TOU) had its target price raised by equities researchers at TD Securities from C$31.00 to C$32.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 58.73% from the stock’s previous close.
Several other research firms have also recently weighed in on TOU. Raymond James raised their price target on Tourmaline Oil from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets set a C$23.00 target price on Tourmaline Oil and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Finally, National Bank Financial lifted their target price on Tourmaline Oil from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, January 16th.
TSE TOU traded up C$0.24 during trading on Thursday, hitting C$20.16. 475,959 shares of the stock traded hands, compared to its average volume of 765,820. The stock has a market capitalization of $5.42 billion and a PE ratio of 13.63. The company has a debt-to-equity ratio of 19.50, a current ratio of 0.58 and a quick ratio of 0.55. Tourmaline Oil has a 12-month low of C$15.84 and a 12-month high of C$26.19.
Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.70 earnings per share for the quarter. The firm had revenue of C$595.49 million for the quarter. On average, analysts anticipate that Tourmaline Oil will post 1.58000011021344 EPS for the current fiscal year.
Tourmaline Oil Company Profile
Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.
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