Tourmaline Oil (TSE:TOU) Price Target Raised to C$80.00 at UBS Group

Tourmaline Oil (TSE:TOU) had its target price raised by equities researchers at UBS Group from C$79.00 to C$80.00 in a research note issued to investors on Thursday,BayStreet.CA reports. UBS Group’s price objective suggests a potential upside of 16.45% from the company’s current price.

TOU has been the subject of a number of other research reports. Canaccord Genuity Group lowered their price objective on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. National Bankshares upped their target price on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. CIBC upped their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Finally, TD Securities decreased their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Tourmaline Oil currently has an average rating of “Moderate Buy” and a consensus price target of C$78.45.

Tourmaline Oil Stock Performance

Shares of TSE:TOU traded up C$0.49 during trading on Thursday, reaching C$68.70. 254,826 shares of the company’s stock traded hands, compared to its average volume of 1,370,405. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. Tourmaline Oil has a 12 month low of C$53.69 and a 12 month high of C$70.65. The company has a 50 day moving average of C$65.98 and a 200-day moving average of C$63.51. The stock has a market capitalization of C$25.60 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Insider Transactions at Tourmaline Oil

In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of C$62.09 per share, with a total value of C$155,216.50. Also, Director Jill Terilee Angevine purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of C$66.63 per share, for a total transaction of C$66,630.00. In the last three months, insiders purchased 16,000 shares of company stock valued at $1,047,918. Company insiders own 5.13% of the company’s stock.

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.