Tourmaline Oil, the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Sam Burwell from Jefferies maintained a Buy rating on the stock and has a C$72.00 price target.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Sam Burwell has given his Buy rating due to a combination of factors including Tourmaline Oil’s ability to maintain its 2026 guidance and demonstrate flexibility in capital expenditure. Despite a 5% miss in cash flow per share (CFPS) due to weaker gas realizations, the company has shown resilience in its production levels, slightly exceeding expectations. The firm has also highlighted its capacity to reduce 2026 spending by C$200-250 million with minimal impact on production, showcasing financial prudence.
Additionally, Tourmaline Oil has secured new LNG supply contracts and is experiencing a downward trend in operating expenses, which are positive indicators for future performance. While the CFPS miss and a softer fourth quarter might cause short-term weakness, the focus on capital expenditure flexibility, divestiture plans, and gas market outlook are expected to drive long-term value. These strategic factors underpin Sam Burwell’s confidence in recommending a Buy rating for Tourmaline Oil.
Burwell covers the Energy sector, focusing on stocks such as Pembina Pipeline, AltaGas, and Paramount Resources. According to TipRanks, Burwell has an average return of 15.0% and a 61.70% success rate on recommended stocks.
In another report released on October 29, Scotiabank also maintained a Buy rating on the stock with a C$80.00 price target.