Free Trial

Tourmaline Oil (TOU) Stock Forecast & Price Target

C$61.82
-0.03 (-0.05%)
(As of 07/12/2024 ET)

Tourmaline Oil - Analysts' Recommendations 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.

Consensus Rating

Consensus Price Target

C$78.38
26.78% Upside
High ForecastC$90.00
Average ForecastC$78.38
Low ForecastC$70.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
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
10 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
7 Buy rating(s)
Hold
1 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 TargetC$78.38C$78.38C$77.81C$84.00
Forecasted Upside26.78% Upside22.79% Upside22.39% Upside31.46% Upside
Get Tourmaline Oil Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for TOU and its competitors with MarketBeat's FREE daily newsletter.

TOU Analyst Recommendations 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Tourmaline Oil Stock vs. The Competition

TypeTourmaline OilEnergy Companies
Consensus Rating Score
3.00
2.69
Consensus RatingBuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/20/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
J. Silverstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
5/2/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuyC$72.50 ➝ C$73.50+11.89%
5/2/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperformC$77.50 ➝ C$80.00+21.78%
4/23/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuyC$75.00 ➝ C$80.00+21.21%
4/23/2024Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$75.00 ➝ C$74.00+12.12%
4/12/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuyC$70.00 ➝ C$75.00+13.41%
3/28/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$78.00 ➝ C$75.00+17.96%
3/20/2024ATB Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperformC$85.00 ➝ C$80.00+31.77%
3/7/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$75.00 ➝ C$72.00+15.22%
1/19/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetStrong-BuyC$90.00 ➝ C$85.00+48.50%
1/16/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperformC$100.00 ➝ C$90.00+52.75%
1/10/2024National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperformC$80.00 ➝ C$70.00+15.17%
10/17/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperformC$84.00 ➝ C$86.00+18.52%
7/6/2023Veritas Investment Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy
4/20/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$85.00 ➝ C$75.00+24.94%
1/12/2023Stifel Firstegy
Subscribe to MarketBeat All Access for the recommendation accuracy rating
M. Dunn
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:54 AM ET.

TOU Forecast - Frequently Asked Questions

What is Tourmaline Oil's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Tourmaline Oil is C$78.38, with a high forecast of C$90.00 and a low forecast of C$70.00.

Should I buy or sell Tourmaline Oil stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last year. There is currently 1 hold rating, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TOU shares.

Does Tourmaline Oil's stock price have much upside?

According to analysts, Tourmaline Oil's stock has a predicted upside of 22.79% based on their 12-month stock forecasts.

Has Tourmaline Oil been upgraded by Wall Street analysts recently?

Over the previous 90 days, Tourmaline Oil's stock had 1 upgrade by analysts.

What analysts cover Tourmaline Oil?

Tourmaline Oil has been rated by research analysts at Canaccord Genuity Group, CIBC, Desjardins, Stifel Nicolaus, and UBS Group in the past 90 days.

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.


This page (TSE:TOU) was last updated on 7/14/2024 by MarketBeat.com Staff

From Our Partners