Today, an analyst has provided a rating update for Tourmaline Oil (TOU). Analyst Randy Ollenberger from BMO Capital remains neutral on the stock and has a C$20 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -2.7% and a 42.2% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
Currently, the analyst consensus on Tourmaline Oil is a Strong Buy with an average price target of C$26.29.
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 891K.
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$17.80.
