Tourmaline Oil (TOU) Price Target Cut to C$30.00

Tourmaline Oil (TSE:TOU) had its price objective lowered by National Bank Financial from C$37.50 to C$30.00 in a research report report published on Tuesday morning. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. TD Securities increased their target price on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the company a buy rating in a research note on Thursday, November 9th. CIBC reduced their target price on shares of Tourmaline Oil from C$33.00 to C$30.00 in a research note on Tuesday, October 17th. BMO Capital Markets reduced their target price on shares of Tourmaline Oil from C$34.00 to C$28.00 in a research note on Tuesday, October 10th. Finally, Macquarie reissued an outperform rating and issued a C$40.00 target price on shares of Tourmaline Oil in a research note on Thursday, September 14th. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of C$35.33.

Shares of Tourmaline Oil (TSE:TOU) opened at C$21.61 on Tuesday. Tourmaline Oil has a 12 month low of C$20.44 and a 12 month high of C$32.06. The firm has a market cap of $5,860.00, a price-to-earnings ratio of 18.01 and a beta of 0.02.

In related news, insider Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average price of C$21.61 per share, with a total value of C$108,050.00. Also, insider Ronald John Hill purchased 8,000 shares of Tourmaline Oil stock in a transaction that occurred on Wednesday, October 18th. The stock was bought at an average cost of C$22.89 per share, for a total transaction of C$183,120.00. Insiders purchased a total of 21,000 shares of company stock worth $486,210 in the last ninety days.

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About Tourmaline Oil

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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