Tourmaline Oil (TOU) Receives “Buy” Rating from TD Securities

TD Securities reissued their buy rating on shares of Tourmaline Oil (TSE:TOU) in a research report sent to investors on Thursday. The brokerage currently has a C$27.00 price target on the stock.

Several other research firms have also issued reports on TOU. BMO Capital Markets upped their target price on Tourmaline Oil from C$26.00 to C$28.00 and gave the company a market perform rating in a report on Thursday, August 2nd. National Bank Financial upped their target price on Tourmaline Oil from C$31.00 to C$32.50 and gave the company an outperform rating in a report on Thursday, August 2nd. Raymond James upped their target price on Tourmaline Oil from C$32.00 to C$35.00 in a report on Thursday, August 2nd. Finally, CSFB upped their target price on Tourmaline Oil from C$29.00 to C$32.00 in a report on Wednesday, July 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Tourmaline Oil has an average rating of Buy and an average price target of C$29.31.

Shares of TOU stock traded up C$0.24 during trading on Thursday, hitting C$19.75. The company’s stock had a trading volume of 1,115,927 shares, compared to its average volume of 863,264. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 19.12. Tourmaline Oil has a 52 week low of C$17.78 and a 52 week high of C$27.01.

In other news, Director Lucille Miller sold 1,240 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of C$21.51, for a total value of C$26,672.40. Also, Director John William Elick sold 3,000 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of C$21.20, for a total value of C$63,600.00. Over the last three months, insiders have acquired 34,000 shares of company stock valued at $703,740 and have sold 5,215 shares valued at $109,928.

About Tourmaline Oil

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Peace River High, Alberta Deep Basin, and NEBC Montney areas.

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Analyst Recommendations for Tourmaline Oil (TSE:TOU)

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