Tourmaline Oil (TSE:TOU) PT Lowered to C$75.00

Tourmaline Oil (TSE:TOU) had its target price decreased by equities researchers at TD Securities from C$77.00 to C$75.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Several other research analysts have also issued reports on TOU. National Bankshares set a C$72.50 price target on shares of Tourmaline Oil and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Cormark upgraded Tourmaline Oil to a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group cut their target price on 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. Desjardins boosted their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group dropped their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$77.86.

Tourmaline Oil Stock Performance

The company’s 50-day moving average price is C$61.67 and its 200 day moving average price is C$63.13. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The company has a market capitalization of C$23.76 billion, a PE ratio of 14.99, a PEG ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a 1 year low of C$53.45 and a 1 year high of C$74.21.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. Equities analysts forecast that Tourmaline Oil will post 5.6809091 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine bought 1,300 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of C$61.29 per share, with a total value of C$79,677.00. In other news, Director Jill Terilee Angevine bought 1,300 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of C$61.29 per share, with a total value of C$79,677.00. Also, Senior Officer William Scott Kirker sold 66,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$66.37, for a total value of C$4,380,274.80. Insiders have purchased a total of 36,800 shares of company stock valued at $2,233,566 in the last 90 days. 5.13% of the stock is currently 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.