TD Securities Keeps a Buy Rating on Tourmaline Oil (TOU)


In a latest note to investors, a research analyst has provided a rating update for the Tourmaline Oil (TOU). TD Securities’ analyst Aaron Bilkoski reiterates their Buy rating on the shares, with a C$28 price target.

According to TipRanks.com, Bilkoski is ranked 0 out of 5 stars with an average return of -17.5% and a 28.4% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as Freehold Royalties Ltd, PrairieSky Royalty Ltd, and Pengrowth Energy Corp.

Tourmaline Oil has an analyst consensus of Strong Buy, with a price target consensus of C$25.25, representing a 41.6% upside. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$24 price target.

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Tourmaline Oil’s market cap is currently C$4.85B and has a P/E ratio of 15.2. 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 Monday at C$17.83.

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