National Bankshares Boosts Tourmaline Oil (TSE:TOU) Price Target to C$72.50

Tourmaline Oil (TSE:TOU) had its price target raised by National Bankshares from C$70.00 to C$72.50 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank boosted their price objective on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an outperform rating in a report on Tuesday. Canaccord Genuity Group boosted their target price on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the company a buy rating in a research note on Tuesday. Stifel Nicolaus raised their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. UBS Group upgraded shares of Tourmaline Oil to a hold rating in a report on Thursday, June 20th. Finally, Desjardins upped their target price on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a buy rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tourmaline Oil presently has an average rating of Buy and a consensus target price of C$79.04.

Tourmaline Oil Stock Up 1.6 %

Shares of TSE TOU opened at C$63.20 on Tuesday. The company has a market cap of C$22.22 billion, a P/E ratio of 12.67, a PEG ratio of 1.72 and a beta of 1.39. The firm has a 50-day simple moving average of C$61.59 and a two-hundred day simple moving average of C$62.40. Tourmaline Oil has a 1 year low of C$53.45 and a 1 year high of C$74.21. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.89 and a quick ratio of 0.47.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is 25.65%.

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine purchased 1,300 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of C$61.29 per share, for a total transaction of C$79,677.00. In other news, Director Jill Terilee Angevine purchased 1,300 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of C$61.29 per share, for a total transaction of C$79,677.00. Also, Senior Officer Mike Rose acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of C$66.10 per share, for a total transaction of C$165,250.00. Insiders purchased a total of 16,300 shares of company stock worth $1,028,162 over the last 90 days. Company insiders own 5.41% 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.