Tourmaline Oil (TOU) Gets a Buy Rating from Raymond James


Tourmaline Oil (TOU) has received a rating update from a Wall Street analyst today. Analyst Kurt Molnar from Raymond James rated Tourmaline Oil (TOU) a Buy, setting a C$30 price target.

According to TipRanks.com, Molnar is ranked 0 out of 5 stars with an average return of -22.8% and a 19.0% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.

Currently, the analyst consensus on Tourmaline Oil is a Strong Buy with an average price target of C$26.07.

Based on Tourmaline Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$191 million. In comparison, last year the company had a net profit of C$88.08 million.

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 Thursday at C$21.02.

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