Tourmaline Oil (TSE:TOU) PT Lowered to C$67.00 at Jefferies Financial Group

Tourmaline Oil (TSE:TOU) had its price target decreased by stock analysts at Jefferies Financial Group from C$75.00 to C$67.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 13.44% from the company’s current price.

Other research analysts have also issued reports about the company. National Bankshares upped their price objective on Tourmaline Oil from C$70.00 to C$72.50 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Scotiabank boosted their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Canaccord Genuity Group increased their price objective 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, August 13th. UBS Group upgraded Tourmaline Oil to a “hold” rating in a research report on Thursday, June 20th. Finally, Desjardins lifted their price target on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$78.38.

Tourmaline Oil Stock Down 0.1 %

TSE:TOU traded down C$0.06 on Monday, hitting C$59.06. 470,096 shares of the company’s stock were exchanged, compared to its average volume of 2,439,398. Tourmaline Oil has a 52 week low of C$53.45 and a 52 week high of C$74.21. The company has a market cap of C$20.81 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. The firm has a 50-day moving average price of C$60.47 and a 200-day moving average price of C$62.98.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.09 by C($0.37). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.31 billion during the quarter, compared to analyst estimates of C$1.37 billion. As a group, analysts expect that Tourmaline Oil will post 6.9569378 EPS for the current fiscal year.

Insider Activity

In other Tourmaline Oil news, Senior Officer Mike Rose acquired 5,000 shares of Tourmaline Oil stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average cost of C$60.56 per share, for a total transaction of C$302,778.50. In other news, Senior Officer Mike Rose acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of C$60.56 per share, with a total value of C$302,778.50. Also, Director Jill Terilee Angevine acquired 1,300 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of C$61.29 per share, with a total value of C$79,677.00. Insiders bought a total of 26,800 shares of company stock worth $1,619,751 in the last three months. 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.