Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Rating) have earned a consensus recommendation of "Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $80.11.
Several research analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Tourmaline Oil from C$98.00 to C$106.00 in a report on Thursday, July 14th. Stifel Nicolaus upped their target price on shares of Tourmaline Oil from C$90.50 to C$96.50 in a research report on Thursday, June 30th. TD Securities upgraded shares of Tourmaline Oil from a "hold" rating to a "buy" rating in a research report on Thursday, June 30th. BMO Capital Markets upped their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Thursday, May 5th. Finally, Desjardins upped their target price on shares of Tourmaline Oil from C$91.00 to C$100.00 in a research report on Monday, August 1st.
Get Tourmaline Oil alerts:Tourmaline Oil Stock Down 0.9 %
Tourmaline Oil stock opened at $60.29 on Tuesday. Tourmaline Oil has a fifty-two week low of $26.17 and a fifty-two week high of $63.80. The firm's fifty day moving average price is $55.54 and its 200-day moving average price is $51.23.
Tourmaline Oil Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a dividend of $1.5559 per share. This represents a dividend yield of 9.94%. This is an increase from Tourmaline Oil's previous dividend of $0.18. The ex-dividend date was Thursday, August 4th.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.
Featured Stories
- Get a free copy of the StockNews.com research report on Tourmaline Oil (TRMLF)
- Macy's Value Lies Beneath its Stores
- The Mattel Train is Ready to Leave the Station
- 3 WallStreetBets Stocks Wall Street is (Mostly) Bullish On
- Does Micron's Dividend Increase Mean It's Time To Buy?
- What is the NASDAQ Stock Exchange?
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.