In a new note to investors yesterday, an analyst has provided a rating update for Tourmaline Oil (TOU). The company received a Buy rating from CIBC’s analyst David Popowich, with a C$25 price target.
According to TipRanks.com, Popowich has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.8% and a 31.4% success rate. Popowich covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and Obsidian Energy Ltd.
Tourmaline Oil has an analyst consensus of Strong Buy, with a price target consensus of C$24.80, a 38.9% upside from current levels. In a report issued on January 16, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$27.50 price target.
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Tourmaline Oil’s market cap is currently C$4.88B and has a P/E ratio of 16.3. The company has a Price to Book ratio of 0.66.
Tourmaline Oil Corp. engages in the exploration, development, production of petroleum and natural gas properties. It acquires program in the Western Canadian Sedimentary Basin. The company was founded on July 21, 2008 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$17.86.
