Shares of Tourmaline Oil Corp (TSE:TOU) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the firm, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$40.58.

Shares of Tourmaline Oil Corp (TSE:TOU) opened at 24.74 on Thursday. The stock has a market capitalization of $5.46 billion and a price-to-earnings ratio of 16.75. The stock has a 50 day moving average of $22.68 and a 200-day moving average of $28.85. Tourmaline Oil Corp has a 52-week low of $20.83 and a 52-week high of $43.75.

In other news, insider Mike Rose bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were purchased at an average price of C$25.91 per share, for a total transaction of C$51,820.00. Also, Director Lee Allan Baker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of C$25.30, for a total value of C$25,300.00.

A number of brokerages recently commented on TOU. National Bank Financial reiterated an “outperform” rating and issued a C$40.00 price objective on shares of Tourmaline Oil Corp in a research report on Tuesday, January 5th. GMP Securities lowered Tourmaline Oil Corp from a “buy” rating to a “hold” rating in a research report on Friday, October 16th. CIBC lowered their price objective on Tourmaline Oil Corp from C$34.00 to C$30.00 in a research report on Thursday, January 14th. Raymond James lowered their price objective on Tourmaline Oil Corp from C$50.00 to C$42.00 in a research report on Friday, October 16th. Finally, RBC Capital reiterated an “outperform” rating and issued a C$36.00 price objective on shares of Tourmaline Oil Corp in a research report on Tuesday, January 5th.

Tourmaline Oil Corp. (TSE:TOU) is a Canada-based intermediate crude oil and natural gas exploration and production company, focused on exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin (WCSB). Tourmaline’s three core areas include the Alberta Deep Basin, which is a multi-objective tight natural gas sand play area with up to 15 separate lower Cretaceous liquids-rich natural-gas-charged sand reservoirs; Sunrise/Dawson NEBC Montney, which is focused on liquids rich natural gas in the Triassic Montney formation and the Peace River High Regional Charlie Lake, which is the Company’s exploration and production complex at Spirit River-Mulligan-Earring, Alberta. Tourmaline has ownership interests in six natural gas plants in the Alberta Deep Basin, five of which, the Wild River 14-20 plant, the Hinton 6-32 gas plant, the Minehead 15-12 plant, the Anderson 1-9 plant and the Musreau 8-13 plant.

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