Tourmaline Oil (TSE:TOU) target price raised to $45.00, released a report earlier today by CIBC World Markets
- Updated: December 1, 2016
Reporting a potential upside of 0.17%, CIBC World Markets upped the price target of Tourmaline Oil (TSE:TOU) to $45.00
On 11/15/2016, TD Securities released a statement about Tourmaline Oil (TSE:TOU) upped the target price from $0.00 to $44.00 that suggested an upside of 0.22%.
Having a price of $38.40, Tourmaline Oil (TSE:TOU) traded 6.65% higher on the day. With the last stock price up 12.50% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. TOU has recorded a 50-day average of $35.75 and a two hundred day average of $34.36. Trade Volume was down over the average, with 425,237 shares of TOU changing hands under the typical 681,444
Recent Performance Chart
Tourmaline Oil has with a 52 week low of $20.83 and a 52 week high of $39.77 and has a market capitalization of $0.
In addition to CIBC World Markets reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $32.88 with 0 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Tourmaline Oil (TSE:TOU)
Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin. Its core areas include Alberta Deep Basin, Sunrise/Dawson/Sundown north east British Columbia (NEBC) Montney and Peace River High Regional Charlie Lake. The Company has ownership interests in approximately nine natural gas plants in the Alberta Deep Basin, including the Wild River 14-20, the Hinton 6-32, the Minehead 15-12, the Anderson 1-9, the Musreau 8-13, the Edson 4-17 and the Ansell 1-34. The Peace River High in NEBC is focused on liquids rich natural gas in the Triassic Montney formation. In the Sunrise/Dawson complex in NEBC, the Company has drilled approximately 170 Montney multi-stage fracture-stimulated horizontal natural gas wells.
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