The stock of Tourmaline Oil Corp (TSE:TOU) is a huge mover today! About 89,081 shares traded hands. Tourmaline Oil Corp (TSE:TOU) has risen 23.76% since March 10, 2016 and is uptrending. It has outperformed by 18.15% the S&P500.
The move comes after 6 months positive chart setup for the $8.65 billion company. It was reported on Oct, 17 by Barchart.com. We have $51.79 PT which if reached, will make TSE:TOU worth $3.55B more.
Tourmaline Oil Corp (TSE:TOU) Ratings Coverage
Out of 5 analysts covering Tourmaline Oil (TSE:TOU), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $46 is the highest target while $30 is the lowest. The $38.11 average target is 3.76% above today’s ($36.73) stock price. Tourmaline Oil has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Tourmaline Oil Corp (TSE:TOU) has “” rating given on Monday, June 6 by Raymond James. BMO Capital Markets downgraded Tourmaline Oil Corp (TSE:TOU) on Tuesday, December 22 to “Market Perform” rating.
More notable recent Tourmaline Oil Corp (TSE:TOU) news were published by: Marketwired.com which released: “Tourmaline Oil Corp. Enters Into Bought Deal Financing” on March 14, 2016, also Marketwired.com with their article: “Tourmaline Oil Corp. Reserves Reach 1.1 Billion Barrels of Oil Equivalent” published on February 22, 2016, Marketwired.com published: “Tourmaline Oil Corp. Provides Operations and Financial Update” on June 15, 2016. More interesting news about Tourmaline Oil Corp (TSE:TOU) were released by: Marketwired.com and their article: “Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including …” published on April 05, 2016 as well as Marketwired.com‘s news article titled: “Tourmaline Oil Corp. to Acquire Santonia Energy Inc. as it Continues Its Deep …” with publication date: March 04, 2014.
Tourmaline Oil Corp. is a Canada-based intermediate natural gas and crude oil exploration and production company. The company has a market cap of $8.65 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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