National Bankshares Reiterates C$72.50 Price Target for Tourmaline Oil (TSE:TOU)

Tourmaline Oil (TSE:TOU) has been assigned a C$72.50 price target by investment analysts at National Bankshares in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 21.16% from the company’s previous close.

Several other equities analysts have also commented on the stock. Jefferies Financial Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Scotiabank raised their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. UBS Group upgraded shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, June 20th. Canaccord Genuity Group lifted their target price on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Desjardins increased their price objective on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$78.38.

Tourmaline Oil Stock Up 0.8 %

Shares of TSE:TOU traded up C$0.46 on Tuesday, hitting C$59.84. 434,940 shares of the company’s stock were exchanged, compared to its average volume of 2,448,602. The firm’s 50-day moving average is C$60.16 and its 200 day moving average is C$62.87. Tourmaline Oil has a 1-year low of C$53.45 and a 1-year high of C$74.21. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The company has a market capitalization of C$21.09 billion, a PE ratio of 14.22, a P/E/G ratio of 1.72 and a beta of 1.31.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.09 by C($0.37). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The firm had revenue of C$1.31 billion for the quarter, compared to analysts’ expectations of C$1.37 billion. Sell-side analysts predict that Tourmaline Oil will post 6.5144766 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Mike Rose purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of C$60.56 per share, for a total transaction of C$302,778.50. In other Tourmaline Oil news, Senior Officer Mike Rose acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of C$60.56 per share, with a total value of C$302,778.50. Also, Director Jill Terilee Angevine bought 3,000 shares of Tourmaline Oil stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of C$63.17 per share, for a total transaction of C$189,510.00. Insiders have bought 29,300 shares of company stock valued at $1,765,756 in the last 90 days. 5.41% of the stock is owned by insiders.

Tourmaline Oil Company Profile

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.