Tourmaline Oil Corp (TSE:TOU)’s stock price reached a new 52-week high during mid-day trading on Wednesday . CIBC lifted their price objective on shares of Tourmaline Oil from C$17.50 to C$20.00 in a research note on Thursday, July 16th.
The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.Several research analysts have issued reports on TOU shares. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Tudor Pickering & Holt set a C$19.00 target price on shares of Tourmaline Oil and gave the company a “buy” rating in a research report on Thursday, June 18th. The company has a market cap of $3.52 billion and a P/E ratio of 17.90.
The business had revenue of C$669.64 million for the quarter, compared to the consensus estimate of C$525.00 million. (3) Based on oil and gas commodity strip pricing at July 17, 2020. A number of brokerages recently issued reports on TOU. Following the transaction, the insider now owns 8,606,337 shares in the company, valued at C$120,288,190.35. Q2 2020 delivered significant free cash flow(2) of $121.3 …
As a group, research analysts forecast that Tourmaline Oil Corp will post 1.2699999 earnings per share for the current year.Finning International (TSE:FTT) Reaches New 52-Week High at $18.90Ag Growth International (TSE:AFN) Reaches New 1-Year High at $30.93In other news, Senior Officer Earl Henry Mckinnon acquired 2,500 shares of the stock in a transaction that occurred on Monday, June 15th.
Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of C$19.66. The company traded as high as C$13.02 and last traded at C$12.87, with a volume of 162805 shares trading hands.
It focuses on its program in the Western Canadian Sedimentary Basin.
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Also, Senior Officer Earl Henry Mckinnon bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. HIGHLIGHTS Q2 2020 cash flow(1) was $225.2 million ($0.83/diluted share) on Q2 EP capital spending of $95.6 million. BMO Capital Markets reduced their price objective on Tourmaline Oil from C$20.00 to C$18.00 in a report on Monday, June 29th. These include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertain impacts of COVID-19 on Tourmaline's business, and the societal, economic and governmental response to COVID-19; the uncertainty of estimates and projections relating to reserves, production, revenues, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; interest rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; ability to access sufficient capital from internal and external sources; uncertainties associated with counterparty credit risk; failure to obtain required regulatory and other approvals; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
Stock analysis for Tourmaline Oil Corp (TOU:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
The stock had previously closed at C$1.31. Tudor Pickering reaffirmed a “buy” rating and set a C$19.00 price objective on shares of Tourmaline Oil in a report on Thursday, June 18th. The company was founded on July 21, 2008 and is … The ex-dividend date of this dividend was Friday, June 12th. The stock had previously closed at C$1.31.
Tourmaline Oil Corp.
The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.07).