Jefferies Financial Group Increases Tourmaline Oil (TSE:TOU) Price Target to C$75.00

Tourmaline Oil (TSE:TOU) had its target price lifted by Jefferies Financial Group from C$70.00 to C$75.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 14.22% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Scotiabank decreased their target price on shares of Tourmaline Oil from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. Raymond James decreased their target price on shares of Tourmaline Oil from C$90.00 to C$85.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. CIBC decreased their target price on shares of Tourmaline Oil from C$82.50 to C$72.50 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. ATB Capital decreased their target price on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Finally, TD Securities decreased their target price on shares of Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$77.81.

Tourmaline Oil Trading Down 1.4 %

Shares of TOU stock opened at C$65.66 on Friday. The company’s 50-day moving average price is C$60.62 and its 200-day moving average price is C$63.22. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 8.04. The stock has a market cap of C$23.08 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.72 and a beta of 1.40. Tourmaline Oil has a twelve month low of C$53.45 and a twelve month high of C$74.21.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share for the quarter, beating the consensus estimate of C$1.41 by C$0.59. The firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Tourmaline Oil had a net margin of 35.87% and a return on equity of 12.53%. As a group, equities analysts predict that Tourmaline Oil will post 4.710507 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Mike Rose bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of C$59.42 per share, for a total transaction of C$148,543.00. In related news, Director Jill Terilee Angevine purchased 1,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of C$56.48 per share, for a total transaction of C$84,720.00. Also, Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of C$59.42 per share, for a total transaction of C$148,543.00. Over the last ninety days, insiders have bought 20,180 shares of company stock worth $1,171,702. Company insiders own 5.19% of the company’s stock.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.