TD Securities Issues Pessimistic Forecast for Tourmaline Oil (TSE:TOU) Stock Price

Tourmaline Oil (TSE:TOU) had its price objective dropped by investment analysts at TD Securities from C$76.00 to C$73.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 26.71% from the company’s current price.

Several other analysts also recently weighed in on TOU. Desjardins boosted their target price on Tourmaline Oil from C$74.00 to C$76.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. Royal Bank Of Canada cut their price target on Tourmaline Oil from C$78.00 to C$75.00 in a research report on Friday. CIBC decreased their price objective on Tourmaline Oil from C$75.00 to C$74.00 and set an “outperform” rating for the company in a report on Thursday. Raymond James Financial lowered shares of Tourmaline Oil from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$76.00 to C$74.00 in a research report on Thursday. Finally, ATB Capital upped their price target on shares of Tourmaline Oil from C$76.00 to C$77.00 and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Tourmaline Oil currently has an average rating of “Moderate Buy” and an average price target of C$76.18.

Tourmaline Oil Stock Performance

TSE TOU opened at C$57.61 on Friday. The company has a fifty day moving average of C$63.55 and a two-hundred day moving average of C$64.58. The company has a market capitalization of C$21.47 billion, a PE ratio of 13.01, a P/E/G ratio of 1.72 and a beta of 1.30. 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 current ratio of 1.01 and a quick ratio of 0.47.

Insider Activity at Tourmaline Oil

In other news, Senior Officer Mike Rose acquired 5,000 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of C$62.92 per share, for a total transaction of C$314,601.00. Also, Senior Officer William Scott Kirker sold 56,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$64.94, for a total transaction of C$3,636,561.60. Insiders have bought 40,000 shares of company stock valued at $2,547,532 in the last 90 days. Company insiders own 5.13% of the company’s stock.

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.