Tourmaline Oil (OTCMKTS:TRMLF) PT Raised to C$80.00 at BMO Capital Markets

Tourmaline Oil (OTCMKTS:TRMLFGet Rating) had its price target boosted by analysts at BMO Capital Markets from C$75.00 to C$80.00 in a report released on Thursday, The Fly reports.

A number of other research analysts have also issued reports on the company. National Bank Financial increased their target price on Tourmaline Oil from C$62.50 to C$75.00 in a research report on Thursday, April 14th. TD Securities increased their target price on Tourmaline Oil from C$74.00 to C$80.00 in a research report on Thursday. CIBC increased their target price on Tourmaline Oil from C$65.00 to C$75.00 in a research report on Thursday, April 14th. Raymond James increased their target price on Tourmaline Oil from C$65.00 to C$70.00 in a research report on Thursday, March 3rd. Finally, Scotiabank increased their target price on Tourmaline Oil from C$87.00 to C$98.00 in a research report on Monday, April 18th. Nine 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 an average price target of $71.08.

Tourmaline Oil stock traded up $1.70 during mid-day trading on Thursday, hitting $55.51. The company had a trading volume of 49,332 shares, compared to its average volume of 57,032. Tourmaline Oil has a 12-month low of $22.26 and a 12-month high of $55.72. The company’s fifty day moving average is $45.44 and its 200-day moving average is $38.57.

About Tourmaline Oil (Get Rating)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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