Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Recommendation of “Buy” from Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Rating) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $77.44.

Several equities research analysts have recently weighed in on the company. CIBC increased their price target on Tourmaline Oil from C$85.00 to C$90.00 in a report on Wednesday, June 15th. Scotiabank increased their price target on Tourmaline Oil from C$87.00 to C$98.00 in a report on Monday, April 18th. BMO Capital Markets increased their price target on Tourmaline Oil from C$75.00 to C$80.00 in a report on Thursday, May 5th. Raymond James increased their price target on Tourmaline Oil from C$65.00 to C$70.00 in a report on Thursday, March 3rd. Finally, TD Securities downgraded Tourmaline Oil from a “buy” rating to a “hold” rating in a report on Friday, June 3rd.

TRMLF stock opened at $51.61 on Thursday. Tourmaline Oil has a twelve month low of $22.26 and a twelve month high of $63.80. The business has a 50 day simple moving average of $55.40 and a 200-day simple moving average of $43.85.

The firm also recently disclosed a dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.1785 dividend. This represents a yield of 1.17%. The ex-dividend date is Tuesday, June 14th.

About Tourmaline Oil (Get Rating)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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