In a latest note to investors, a research analyst has provided a rating update for the Tourmaline Oil (TOU). Analyst Kurt Molnar from Raymond James reiterated a Buy rating, with a C$31 price target today.
According to TipRanks.com, Molnar is ranked 0 out of 5 stars with an average return of -21.2% and a 16.2% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tourmaline Oil with a C$27.50 average price target.
The company has a one-year high of C$26.19 and a one-year low of C$15.84. Currently, Tourmaline Oil has an average volume of 745.1K.
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties. It focuses on its 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 Thursday at C$20.19.
