UBS Group Has Lowered Expectations for Tourmaline Oil (TSE:TOU) Stock Price

Tourmaline Oil (TSE:TOU) had its target price lowered by UBS Group from C$74.00 to C$71.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. UBS Group’s price objective would indicate a potential upside of 13.44% from the stock’s current price.

TOU has been the subject of a number of other reports. Desjardins upped their price target on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a “hold” rating in a research report on Tuesday. National Bankshares boosted their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Cormark raised shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. CIBC dropped their price objective on shares of Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. Finally, Raymond James set a C$78.00 target price on shares of Tourmaline Oil and gave the company an “outperform” rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Tourmaline Oil presently has an average rating of “Moderate Buy” and a consensus price target of C$77.05.

Tourmaline Oil Price Performance

TOU opened at C$62.59 on Thursday. Tourmaline Oil has a 1 year low of C$55.27 and a 1 year 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. The company’s 50 day simple moving average is C$65.35 and its 200 day simple moving average is C$65.23. The stock has a market capitalization of C$23.32 billion, a PE ratio of 14.13, a P/E/G ratio of 1.72 and a beta of 1.30.

Insider Activity at Tourmaline Oil

In other news, Director Jill Terilee Angevine bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of C$66.63 per share, with a total value of C$66,630.00. Also, Senior Officer Mike Rose acquired 2,500 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of C$67.43 per share, for a total transaction of C$168,575.00. Insiders purchased 11,000 shares of company stock worth $717,260 in the last 90 days. 5.13% of the stock is currently owned by company insiders.

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.