Tourmaline Oil (TSE:TOU) Given New C$25.00 Price Target at TD Securities

Tourmaline Oil (TSE:TOU) had its target price lowered by TD Securities from C$27.00 to C$25.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Tourmaline Oil from C$26.00 to C$24.00 in a report on Thursday, July 18th. GMP Securities dropped their target price on shares of Tourmaline Oil from C$28.50 to C$25.25 in a report on Friday, June 28th. BMO Capital Markets dropped their target price on shares of Tourmaline Oil from C$23.00 to C$21.00 in a report on Friday, June 14th. Raymond James set a C$31.00 target price on shares of Tourmaline Oil and gave the stock an outperform rating in a report on Thursday, May 30th. Finally, National Bank Financial dropped their target price on shares of Tourmaline Oil from C$25.00 to C$23.50 and set an outperform rating for the company in a report on Thursday.

Shares of TOU stock traded down C$0.36 on Thursday, reaching C$14.96. The company had a trading volume of 1,318,539 shares, compared to its average volume of 762,216. The firm has a market capitalization of $4.19 billion and a PE ratio of 11.33. The company has a debt-to-equity ratio of 19.37, a current ratio of 0.53 and a quick ratio of 0.50. Tourmaline Oil has a one year low of C$14.54 and a one year high of C$25.26. The firm has a 50-day simple moving average of C$16.60.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, May 8th. The company reported C$0.32 EPS for the quarter. The company had revenue of C$664.30 million during the quarter. On average, sell-side analysts forecast that Tourmaline Oil will post 1.1400001 earnings per share for the current year.

In other Tourmaline Oil news, Senior Officer Mike Rose acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average price of C$16.31 per share, for a total transaction of C$40,763.00. Following the acquisition, the insider now directly owns 10,545,970 shares in the company, valued at C$171,954,150.04. Also, Director Lucille Miller acquired 1,467 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of C$17.73 per share, with a total value of C$26,002.58. Following the acquisition, the director now owns 8,267 shares in the company, valued at C$146,532.58. In the last quarter, insiders purchased 21,467 shares of company stock valued at $374,362.

Tourmaline Oil Company Profile

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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