UBS Group Raises Tourmaline Oil (TSE:TOU) Price Target to C$80.00

Tourmaline Oil (TSE:TOU) had its target price raised by stock analysts at UBS Group from C$79.00 to C$80.00 in a research note issued to investors on Thursday,BayStreet.CA reports. UBS Group’s price objective indicates a potential upside of 18.38% from the company’s current price.

TOU has been the topic of a number of other reports. National Bankshares raised their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Canaccord Genuity Group lowered their price target on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. CIBC increased their price objective on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. TD Securities reduced their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group raised their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$78.45.

Tourmaline Oil Stock Performance

Shares of TSE TOU opened at C$67.58 on Thursday. The stock has a market cap of C$25.18 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a 1 year low of C$54.05 and a 1 year high of C$70.65. The firm has a fifty day moving average price of C$66.18 and a 200-day moving average price of C$63.59. 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 Buying and Selling

In other news, Director Jill Terilee Angevine bought 1,000 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of C$66.63 per share, for a total transaction of C$66,630.00. Also, Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average cost of C$65.28 per share, with a total value of C$163,190.00. Over the last quarter, insiders purchased 16,000 shares of company stock worth $1,047,918. Corporate insiders own 5.13% of the company’s stock.

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.