Tourmaline Oil (OTCMKTS:TRMLF) Price Target Raised to C$47.50 at Canaccord Genuity

Tourmaline Oil (OTCMKTS:TRMLF) had its price objective upped by equities researchers at Canaccord Genuity from C$40.00 to C$47.50 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock.

Other equities analysts have also issued research reports about the company. Raymond James upped their price target on Tourmaline Oil from C$44.00 to C$44.50 and gave the company a “strong-buy” rating in a research note on Thursday, July 29th. BMO Capital Markets upped their price objective on Tourmaline Oil from C$38.00 to C$40.00 and gave the company an “outperform” rating in a report on Monday, June 14th. TD Securities upped their price objective on Tourmaline Oil from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Friday, July 16th. CIBC upped their price objective on Tourmaline Oil from C$40.00 to C$47.50 and gave the company an “outperform” rating in a report on Wednesday, July 14th. Finally, Scotiabank upped their price objective on Tourmaline Oil from C$47.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, July 15th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $47.58.

Shares of TRMLF traded up $0.41 during trading hours on Wednesday, hitting $31.81. 51,472 shares of the stock traded hands, compared to its average volume of 30,826. Tourmaline Oil has a 1-year low of $11.73 and a 1-year high of $32.02. The business has a fifty day moving average of $26.94 and a 200-day moving average of $24.01.

Tourmaline Oil Company Profile

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Analyst Recommendations for Tourmaline Oil (OTCMKTS:TRMLF)

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