Tourmaline Oil (OTCMKTS:TRMLF) had its price objective increased by research analysts at Canaccord Genuity from C$40.00 to C$47.50 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock.
A number of other analysts have also commented on the company. Scotiabank boosted their target price on Tourmaline Oil from C$47.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, July 15th. BMO Capital Markets upped their target price on Tourmaline Oil from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Monday, June 14th. TD Securities lifted their price target on shares of Tourmaline Oil from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, July 16th. Raymond James upped their price objective on shares of Tourmaline Oil from C$44.00 to C$44.50 and gave the stock a “strong-buy” rating in a report on Thursday, July 29th. Finally, CIBC lifted their price objective on shares of Tourmaline Oil from C$40.00 to C$47.50 and gave the company an “outperform” rating in a report on Wednesday, July 14th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tourmaline Oil currently has an average rating of “Buy” and an average price target of $47.58.
Shares of TRMLF stock traded up $0.41 during mid-day trading on Wednesday, hitting $31.81. The company’s stock had a trading volume of 51,472 shares, compared to its average volume of 30,826. The company’s fifty day simple moving average is $26.94 and its 200-day simple moving average is $24.01. Tourmaline Oil has a 52 week low of $11.73 and a 52 week high of $32.02.
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