TD Securities Has Lowered Expectations for Tourmaline Oil (TSE:TOU) Stock Price

Tourmaline Oil (TSE:TOU) had its price target lowered by research analysts at TD Securities from C$77.00 to C$75.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 19.90% from the stock’s current price.

Several other research firms have also weighed in on TOU. UBS Group lowered their price objective on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Cormark raised Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Raymond James set a C$78.00 price objective on Tourmaline Oil and gave the stock an “outperform” rating in a research note on Tuesday, April 8th. Desjardins boosted their target price on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the company a “hold” rating in a research note on Tuesday, April 15th. Finally, CIBC dropped their target price on shares of Tourmaline Oil from C$80.00 to C$72.50 in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$76.72.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock opened at C$62.55 on Thursday. The firm has a market cap of C$23.31 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm’s 50-day simple moving average is C$63.65 and its 200-day simple moving average is C$65.03. Tourmaline Oil has a twelve month low of C$55.27 and a twelve month high of C$70.83. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01.

Insider Transactions at Tourmaline Oil

In other news, Senior Officer Mike Rose acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of C$62.82 per share, for a total transaction of C$314,097.50. Over the last three months, insiders have purchased 10,000 shares of company stock worth $632,963. Corporate 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.