The stock of Tourmaline Oil Corp (TSE:TOU) is a huge mover today! About 122,211 shares traded hands. Tourmaline Oil Corp (TSE:TOU) has risen 33.46% since April 11, 2016 and is uptrending. It has outperformed by 29.53% the S&P500.
The move comes after 7 months positive chart setup for the $8.58 billion company. It was reported on Nov, 15 by Barchart.com. We have $58.70 PT which if reached, will make TSE:TOU worth $5.49 billion 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 $37.67 average target is 5.25% above today’s ($35.79) stock price. Tourmaline Oil has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “” rating by Raymond James given on Monday, June 6. The stock of Tourmaline Oil Corp (TSE:TOU) earned “Market Perform” rating by BMO Capital Markets on Tuesday, December 22.
More important recent Tourmaline Oil Corp (TSE:TOU) news were published by: Reuters.com which released: “BRIEF-Tourmaline Oil Corp reports third quarter results and updates EP act…” on November 14, 2016, also Marketwired.com published article titled: “Tourmaline Oil Corp. Enters Into Bought Deal Financing”, Marketwired.com published: “Tourmaline Oil Corp. Reserves Reach 1.1 Billion Barrels of Oil Equivalent” on February 22, 2016. More interesting news about Tourmaline Oil Corp (TSE:TOU) was released by: Marketwired.com and their article: “Tourmaline Oil Corp. Provides Operations and Financial Update” with publication date: June 15, 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 $8.58 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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