Tourmaline Oil (TSE:TOU) Stock Rating Reaffirmed by ATB Capital

Tourmaline Oil (TSE:TOU)‘s stock had its “outperform” rating reaffirmed by equities research analysts at ATB Capital in a research report issued to clients and investors on Friday, Stock Target Advisor reports.

Several other research firms also recently weighed in on TOU. TD Securities lifted their target price on shares of Tourmaline Oil from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. National Bankshares boosted their price objective on shares of Tourmaline Oil from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday. Cormark boosted their price objective on shares of Tourmaline Oil from C$45.00 to C$50.00 in a research report on Friday, July 30th. Scotiabank boosted their target price on shares of Tourmaline Oil from C$47.00 to C$57.00 in a research report on Thursday, July 15th. Finally, Tudor Pickering & Holt boosted their target price on shares of Tourmaline Oil from C$44.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tourmaline Oil presently has an average rating of “Buy” and a consensus target price of C$50.46.

TOU stock opened at C$43.83 on Friday. Tourmaline Oil has a 52 week low of C$15.84 and a 52 week high of C$44.13. The company has a market capitalization of C$13.10 billion and a price-to-earnings ratio of 9.64. The firm’s 50-day moving average is C$35.15 and its two-hundred day moving average is C$30.85. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 17.36.

Tourmaline Oil (TSE:TOU) last released its earnings results on Wednesday, July 28th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.40). The company had revenue of C$723.27 million for the quarter. On average, equities research analysts predict that Tourmaline Oil will post 4.4099995 earnings per share for the current year.

In related news, Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction on Monday, June 28th. The shares were purchased at an average cost of C$32.86 per share, for a total transaction of C$82,142.00. Following the acquisition, the insider now owns 8,816,058 shares of the company’s stock, valued at approximately C$289,667,454.49. Insiders have acquired a total of 20,000 shares of company stock worth $644,873 over the last 90 days.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Tourmaline Oil (TSE:TOU)

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