UBS Group Has Lowered Expectations for Tourmaline Oil (TSE:TOU) Stock Price

Tourmaline Oil (TSE:TOU) had its target price reduced by UBS Group from C$74.00 to C$71.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. UBS Group’s price objective would suggest a potential upside of 12.73% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. National Bankshares upped their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Raymond James set a C$78.00 price target on shares of Tourmaline Oil and gave the company an “outperform” rating in a research report on Tuesday, April 8th. Desjardins boosted their price objective on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a “hold” rating in a report on Tuesday. CIBC cut their price target on shares of Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. Finally, Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.05.

Tourmaline Oil Trading Up 1.8 %

Shares of TSE TOU traded up C$1.09 during trading on Thursday, hitting C$62.98. 311,623 shares of the company traded hands, compared to its average volume of 2,376,472. Tourmaline Oil has a 1 year low of C$55.27 and a 1 year high of C$70.83. The firm has a market capitalization of C$23.47 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. The company has a 50-day moving average price of C$65.61 and a 200-day moving average price of C$65.20.

Insider Buying and Selling

In other news, Senior Officer Mike Rose bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of C$64.25 per share, with a total value of C$160,612.50. Also, Director Jill Terilee Angevine bought 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of C$66.63 per share, with a total value of C$66,630.00. Insiders have purchased a total of 11,000 shares of company stock valued at $717,260 over the last ninety days. Company insiders own 5.13% of the company’s stock.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.