Tourmaline Oil (TOU) Stock Forecast & Price Target

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C$65.12

+1.00 (+1.56%)

(As of 04/19/2024 ET)

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Tourmaline Oil Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

C$77.38
18.83% Upside

High Forecast	C$90.00
Average Forecast	C$77.38
Low Forecast	C$70.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	6 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$77.38	C$77.73	C$79.79	C$84.44
Predicted Upside	18.83% Upside	24.16% Upside	25.49% Upside	33.46% Upside

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TOU Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TOU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tourmaline Oil Stock vs. The Competition

Type	Tourmaline Oil	Energy Companies
Consensus Rating Score	3.08	2.67
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/17/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$75.00 ➝ C$72.50	+11.13%
4/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$70.00 ➝ C$75.00	+13.41%
3/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$78.00 ➝ C$75.00	+17.96%
3/22/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$76.00 ➝ C$75.00	+26.16%
3/20/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$85.00 ➝ C$80.00	+31.77%
3/7/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$75.00 ➝ C$72.00	+15.22%
Get the Latest News and Ratings for TOU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter.
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy	C$90.00 ➝ C$85.00	+48.50%
1/16/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$82.50 ➝ C$72.50	+23.05%
1/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$100.00 ➝ C$90.00	+52.75%
1/10/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$80.00 ➝ C$70.00	+15.17%
10/17/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$84.00 ➝ C$86.00	+18.52%
10/16/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$77.00 ➝ C$78.00	+9.41%
7/6/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$85.00 ➝ C$75.00	+24.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:03 PM ET.

TOU Price Target - Frequently Asked Questions

What is Tourmaline Oil's consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Tourmaline Oil stock is Buy based on the current 11 buy ratings and 1 strong buy rating for TOU. The average twelve-month price prediction for Tourmaline Oil is C$77.38 with a high price target of C$90.00 and a low price target of C$70.00. Learn more on TOU's analyst rating history.
Do Wall Street analysts like Tourmaline Oil more than its competitors?: Analysts like Tourmaline Oil more than other Energy companies. The consensus rating for Tourmaline Oil is Buy while the average consensus rating for energy companies is Moderate Buy. Learn more on how TOU compares to other companies.
Does Tourmaline Oil's stock price have much upside?: According to analysts, Tourmaline Oil's stock has a predicted upside of 22.91% based on their 12-month stock forecasts.

What analysts cover Tourmaline Oil?: Tourmaline Oil has been rated by ATB Capital, BMO Capital Markets, Canaccord Genuity Group, Desjardins, Jefferies Financial Group, and TD Securities in the past 90 days.

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This page (TSE:TOU) was last updated on 4/19/2024 by MarketBeat.com Staff

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Tourmaline Oil (TOU) Stock Forecast & Price Target

Tourmaline Oil Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

TOU Analyst Ratings By Month

TOU Price Targets by Month

Tourmaline Oil Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

TOU Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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