The stock of Tourmaline Oil Corp (TSE:TOU) is a huge mover today! The stock decreased 3.97% or $1.46 on September 13, hitting $35.34. About 688,450 shares traded hands or 28.30% up from the average. Tourmaline Oil Corp (TSE:TOU) has risen 33.82% since February 5, 2016 and is uptrending. It has outperformed by 17.33% the S&P500.
The move comes after 8 months negative chart setup for the $8.28B company. It was reported on Sep, 14 by Barchart.com. We have $32.87 PT which if reached, will make TSE:TOU worth $579.60 million less.
Out of 5 analysts covering Tourmaline Oil (TSE:TOU), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $45 is the highest target while $30 is the lowest. The $38.11 average target is 7.84% above today’s ($35.34) stock price. Tourmaline Oil has been the topic of 16 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Raymond James maintained the stock on June 6 with “” rating.
Tourmaline Oil Corp. is a Canada-based intermediate natural gas and crude oil exploration and production company. The company has a market cap of $8.28 billion. The Firm is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. It currently has negative earnings. The Firm is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.
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