Tourmaline Oil (TSE:TOU) Price Target Raised to C$73.00 at UBS Group

Tourmaline Oil (TSE:TOU) had its price target boosted by analysts at UBS Group from C$70.00 to C$73.00 in a research note issued on Monday,BayStreet.CA reports. UBS Group’s price target indicates a potential upside of 18.35% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Desjardins lifted their price objective on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. National Bankshares set a C$72.50 target price on shares of Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. Canaccord Genuity Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Finally, Cormark upgraded Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$77.96.

Tourmaline Oil Price Performance

Shares of TOU opened at C$61.68 on Monday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. Tourmaline Oil has a fifty-two week low of C$53.45 and a fifty-two week high of C$69.25. The firm has a 50-day simple moving average of C$64.21 and a 200-day simple moving average of C$62.76. The company has a market capitalization of C$22.90 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. On average, equities research analysts anticipate that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Insider Buying and Selling

In other Tourmaline Oil news, Director Jill Terilee Angevine bought 2,500 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$59.85 per share, for a total transaction of C$149,625.00. Also, Senior Officer William Scott Kirker sold 66,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$66.37, for a total transaction of C$4,380,274.80. Over the last ninety days, insiders bought 12,500 shares of company stock valued at $769,479. 5.13% of the stock is owned by insiders.

About Tourmaline Oil

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.