Jefferies Financial Group Lowers Tourmaline Oil (TSE:TOU) Price Target to C$67.00

Tourmaline Oil (TSE:TOU) had its price target lowered by investment analysts at Jefferies Financial Group from C$75.00 to C$67.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 12.42% from the stock’s current price.

A number of other analysts have also recently issued reports on TOU. National Bankshares boosted their target price on Tourmaline Oil from C$70.00 to C$72.50 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Canaccord Genuity Group upped their target price on Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Scotiabank upped their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Desjardins increased their target price on Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, UBS Group raised Tourmaline Oil to a “hold” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Buy” and an average target price of C$78.38.

Tourmaline Oil Trading Up 0.8 %

Shares of TOU stock opened at C$59.60 on Monday. The firm has a 50-day moving average price of C$60.40 and a 200 day moving average price of C$62.97. Tourmaline Oil has a twelve month low of C$53.45 and a twelve month high of C$74.21. The company has a market capitalization of C$21.00 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.72 and a beta of 1.31. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 EPS for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The company had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. Research analysts forecast that Tourmaline Oil will post 6.9569378 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jill Terilee Angevine acquired 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of C$61.29 per share, for a total transaction of C$79,677.00. In related news, Senior Officer Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of C$61.59 per share, with a total value of C$307,945.00. Also, Director Jill Terilee Angevine acquired 1,300 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of C$61.29 per share, with a total value of C$79,677.00. Insiders have bought 26,800 shares of company stock valued at $1,619,751 over the last 90 days. 5.41% of the stock is owned by company insiders.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.