Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Up 1.7%

Tourmaline Oil Corp. (OTCMKTS:TRMLF) rose 1.7% during trading on Thursday . The company traded as high as $36.15 and last traded at $36.14. Approximately 3,704 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 29,613 shares. The stock had previously closed at $35.55.

TRMLF has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Tourmaline Oil from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Royal Bank of Canada increased their price objective on Tourmaline Oil from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, September 23rd. Scotiabank increased their price objective on Tourmaline Oil from C$59.00 to C$76.00 and gave the company an “outperform” rating in a research report on Thursday, October 14th. Canaccord Genuity increased their price objective on Tourmaline Oil from C$40.00 to C$47.50 and gave the company a “buy” rating in a research report on Wednesday, September 15th. Finally, Desjardins increased their price objective on Tourmaline Oil from C$46.00 to C$52.00 and gave the company a “buy” rating in a research report on Friday, September 24th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $54.58.

The business has a fifty day simple moving average of $35.38 and a two-hundred day simple moving average of $29.59.

The company also recently announced a dividend, which was paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 15th were issued a $0.5429 dividend. This is an increase from Tourmaline Oil’s previous dividend of $0.43. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a yield of 1.88%.

Tourmaline Oil Company Profile (OTCMKTS:TRMLF)

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