Tourmaline Oil Corp (TSE:TOU) Director John William Elick sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 21st. The stock was sold at an average price of C$24.93, for a total value of C$12,465.00.

TOU has been the topic of several recent research reports. CIBC lowered their target price on Tourmaline Oil Corp from C$45.00 to C$43.00 in a report on Thursday, October 15th. Scotiabank lowered their target price on Tourmaline Oil Corp from C$51.00 to C$45.00 in a report on Tuesday, September 29th. Raymond James lowered their target price on Tourmaline Oil Corp from C$50.00 to C$42.00 in a report on Friday, October 16th. BMO Capital Markets lowered their target price on Tourmaline Oil Corp from C$40.00 to C$38.00 in a report on Monday, October 19th. Finally, GMP Securities upgraded Tourmaline Oil Corp from a “hold” rating to a “buy” rating in a report on Tuesday, January 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Tourmaline Oil Corp currently has an average rating of “Buy” and an average price target of C$40.58.

Shares of Tourmaline Oil Corp (TSE:TOU) opened at 26.61 on Wednesday. The firm has a 50-day moving average price of $22.80 and a 200-day moving average price of $28.58. Tourmaline Oil Corp has a 12 month low of $20.83 and a 12 month high of $43.75. The stock has a market cap of $5.88 billion and a price-to-earnings ratio of 18.02.

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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