Tourmaline Oil (TSE:TOU) Has Just Had Its Price Target Lowered by Professional Analysts at National Bank Financial to $40.00

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Analysis: Tourmaline Oil (TSE:TOU) Stock Target Raised Today

In an analyst note revealed to clients by National Bank Financial on Thursday morning, the firm, Tourmaline Oil (TSE:TOU), had their target cut to $40.00. Analusts now have a solid Outperform rating on the stock.

From a total of 11 analysts covering Tourmaline Oil (TSE:TOU) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 91% of the ratings are positive. The highest target price is $34.59 while the lowest target price is $26.18. The mean of all analyst targets is $30.17 with a 70.34% above today’s ($24.95) stock price. Tourmaline Oil was the topic of 9 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc.

Approximately 402,731 shares of stock traded hands. Tourmaline Oil Corp (TSE:TOU) has declined 41.57% since April 30, 2015 and is downtrending. It has underperformed by 41.28% the S&P500.

Tourmaline Oil (TSE:TOU) Has Just Had Its Price Target Lowered by Professional Analysts at National Bank Financial to $40.00

Tourmaline Oil Corp. is a Canada intermediate natural gas and crude oil exploration and production company, focused on exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin (WCSB). The company has a market cap of $5.52 billion. 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. It has 16.41 P/E ratio.

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