Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Rating of “Buy” by Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Rating) has been assigned an average rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $73.88.

Several research firms have recently weighed in on TRMLF. TD Securities increased their price objective on Tourmaline Oil from C$74.00 to C$80.00 in a report on Thursday, May 5th. Raymond James increased their price target on shares of Tourmaline Oil from C$65.00 to C$70.00 in a research note on Thursday, March 3rd. Stifel Nicolaus upped their target price on shares of Tourmaline Oil from C$80.00 to C$87.25 in a report on Thursday, May 5th. CIBC raised their price target on Tourmaline Oil from C$65.00 to C$75.00 in a report on Thursday, April 14th. Finally, National Bank Financial boosted their price target on Tourmaline Oil from C$62.50 to C$75.00 in a research report on Thursday, April 14th.

Shares of OTCMKTS TRMLF opened at $56.57 on Friday. The business has a 50-day moving average price of $49.00 and a 200 day moving average price of $40.17. Tourmaline Oil has a 52-week low of $22.26 and a 52-week high of $58.39.

The firm also recently declared a dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 12th were issued a $1.1687 dividend. This is a boost from Tourmaline Oil’s previous dividend of $0.16. This represents a dividend yield of 8.23%. The ex-dividend date of this dividend was Wednesday, May 11th.

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.

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