Harvey covers the Energy sector, focusing on stocks such as Veren, PrairieSky Royalty, and NuVista Energy. According to TipRanks, Harvey has an average return of 16.3% and a 55.42% success rate on recommended stocks.
Currently, the analyst consensus on Tourmaline Oil is a Strong Buy with an average price target of C$76.94, representing a 21.61% upside. In a report released on September 24, National Bank also maintained a Buy rating on the stock with a C$72.50 price target.
Based on Tourmaline Oil's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.32 billion and a net profit of C$256.6 million. In comparison, last year the company earned a revenue of C$1.28 billion and had a net profit of C$373.96 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOU in relation to earlier this year.
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Tourmaline Oil is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Production averaged 291 thousand barrels oil equivalent per day in 2019, and the company estimates that it holds approximately 2,600 million boe of proved and probable crude oil and natural gas reserves.