Is Tourmaline Oil Corp a Sell? The Stock Declines Again

 Is Tourmaline Oil Corp a Sell? The Stock Declines Again

The stock of Tourmaline Oil Corp (TSE:TOU) is a huge mover today! About 179,921 shares traded hands. Tourmaline Oil Corp (TSE:TOU) has risen 22.92% since April 25, 2016 and is uptrending. It has outperformed by 17.66% the S&P500.
The move comes after 8 months negative chart setup for the $8.18B company. It was reported on Nov, 29 by Barchart.com. We have $34.09 PT which if reached, will make TSE:TOU worth $245.40 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. $46 is the highest target while $30 is the lowest. The $37.67 average target is 7.20% above today’s ($35.14) stock price. Tourmaline Oil has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Tuesday, December 22 by BMO Capital Markets. As per Monday, June 6, the company rating was maintained by Raymond James.

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, Reuters.com published: “BRIEF-Tourmaline Oil Corp reports third quarter results and updates EP act…” on November 14, 2016. More interesting news about Tourmaline Oil Corp (TSE:TOU) were released by: Marketwired.com and their article: “Tourmaline Oil Corp. Provides Operations and Financial Update” published on June 15, 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 $8.18 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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