Tourmaline Oil, the Energy sector company, was revisited by a Wall Street analyst on March 4. Analyst Randy Ollenberger from BMO Capital maintained a Buy rating on the stock and has a C$72.00 price target.
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Randy Ollenberger has given his Buy rating due to a combination of factors, including Tourmaline’s solid Q4/25 performance, disciplined capital adjustments, and supportive commodity exposure. Quarterly cash flow slightly exceeded consensus on the back of lower operating costs and better liquids pricing, and the company’s measured revisions to guidance following asset sales and capital deferrals are viewed as neutral to the equity story.
In addition, the Peace River sale, while at lower metrics than comparable deals, is expected to enhance corporate cost efficiency, and the planned exit from certain deep cut processing should lift operating netbacks even as reported volumes modestly decline. Ollenberger also highlights Tourmaline’s strong balance sheet, low-cost operating profile, and robust free cash flow, which underpin its premium valuation and position the company to withstand weaker natural gas prices while maintaining shareholder returns, especially if international gas prices strengthen further.
In another report released on March 4, Jefferies also maintained a Buy rating on the stock with a C$70.00 price target.
TOU’s price has also changed moderately for the past six months – from C$58.620 to C$66.140, which is a 12.83% increase.