Tourmaline Oil (TSE:TOU) Given New C$75.00 Price Target at Jefferies Financial Group

Tourmaline Oil (TSE:TOU - Get Free Report) had its target price boosted by stock analysts at Jefferies Financial Group from C$70.00 to C$75.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 14.22% from the company's current price.

Several other equities research analysts also recently commented on TOU. National Bankshares reduced their target price on shares of Tourmaline Oil from C$80.00 to C$70.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 10th. Desjardins reduced their target price on shares of Tourmaline Oil from C$76.00 to C$75.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. ATB Capital reduced their price target on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 20th. CIBC reduced their price target on shares of Tourmaline Oil from C$82.50 to C$72.50 and set an "outperform" rating on the stock in a research report on Tuesday, January 16th. Finally, Scotiabank reduced their price target on shares of Tourmaline Oil from C$100.00 to C$90.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 16th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$77.81.

Tourmaline Oil Stock Performance

Tourmaline Oil stock traded down C$0.92 on Friday, hitting C$65.66. The company's stock had a trading volume of 2,197,918 shares, compared to its average volume of 2,056,240. The firm has a market cap of C$23.08 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.72 and a beta of 1.40. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 8.04. The company has a fifty day moving average price of C$60.43 and a 200-day moving average price of C$63.27. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$74.21.

Tourmaline Oil (TSE:TOU - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.41 by C$0.59. The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.49 billion. Tourmaline Oil had a net margin of 35.87% and a return on equity of 12.53%. On average, equities analysts anticipate that Tourmaline Oil will post 4.710507 earnings per share for the current year.

Insider Buying and Selling at Tourmaline Oil

In related news, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of C$62.25 per share, with a total value of C$311,259.00. In other Tourmaline Oil news, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average cost of C$62.25 per share, with a total value of C$311,259.00. Also, Director Janet Weiss bought 650 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average cost of C$43.66 per share, with a total value of C$28,376.40. In the last three months, insiders have acquired 20,180 shares of company stock worth $1,171,702. Company insiders own 5.19% of the company's stock.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.