Tourmaline Oil (OTCMKTS:TRMLF) PT Raised to C$87.25 at Stifel Nicolaus

Tourmaline Oil (OTCMKTS:TRMLFGet Rating) had its price target lifted by Stifel Nicolaus from C$80.00 to C$87.25 in a report published on Thursday, The Fly reports.

TRMLF has been the subject of a number of other reports. BMO Capital Markets raised their price target on Tourmaline Oil from C$55.00 to C$60.00 in a research report on Thursday, March 3rd. TD Securities increased their target price on Tourmaline Oil from C$74.00 to C$80.00 in a research note on Thursday. Scotiabank increased their target price on Tourmaline Oil from C$87.00 to C$98.00 in a research note on Monday, April 18th. Raymond James increased their target price on Tourmaline Oil from C$65.00 to C$70.00 in a research note on Thursday, March 3rd. Finally, National Bank Financial increased their target price on Tourmaline Oil from C$62.50 to C$75.00 in a research note on Thursday, April 14th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $71.08.

Shares of TRMLF opened at $56.78 on Thursday. The business has a fifty day moving average of $45.82 and a 200 day moving average of $38.73. Tourmaline Oil has a 52-week low of $22.26 and a 52-week high of $58.39.

The company also recently declared a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Thursday, May 12th will be paid a dividend of $1.1687 per share. The ex-dividend date is Wednesday, May 11th. This represents a dividend yield of 8.23%. This is a positive change from Tourmaline Oil’s previous dividend of $0.16.

About Tourmaline Oil (Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Tourmaline Oil (OTCMKTS:TRMLF)

Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.