The stock of Tourmaline Oil Corp (TSE:TOU) is a huge mover today! The stock decreased 3.12% or $1.11 on November 2, hitting $34.51. About 1.04M shares traded hands or 59.30% up from the average. Tourmaline Oil Corp (TSE:TOU) has risen 29.25% since March 29, 2016 and is uptrending. It has outperformed by 26.72% the S&P500.
The move comes after 9 months negative chart setup for the $8.25 billion company. It was reported on Nov, 2 by Barchart.com. We have $32.78 PT which if reached, will make TSE:TOU worth $412.50 million less.
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. Tourmaline Oil has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, December 22 report. Raymond James maintained the stock with “” rating in Monday, June 6 report.
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 Fool.ca‘s news article titled: “Tourmaline Oil Corp.: A High-Growth Energy Company” with publication date: September 08, 2016.
Tourmaline Oil Corp. is a Canada-based intermediate natural gas and crude oil exploration and production company. The company has a market cap of $8.25 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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