ATB Cormark sets CAD 75.00 target for Tourmaline Oil stock

Published on 10/25/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ATB Cormark set a CAD 75.00 target on October 22, 2026. For Tourmaline Oil stock, third-quarter results are due November 4, 2026.

Analyst target and operating figures

ATB Cormark set a CAD 75.00 target for Tourmaline Oil on October 22, 2026.
Second-quarter revenue reached CAD 1.36 billion, up 25.93 percent year over year.
Tourmaline Oil stock last closed at CAD 66.50 on the TSX on October 23, 2026.
Third-quarter results are scheduled for November 4, 2026.

TOU, CA89156V1067, Illustration mit AI erstellt.

Tourmaline Oil (ISIN CA89156V1067) received a CAD 75.00 price target from ATB Cormark on October 22, 2026. According to Markets Insider, analyst Nate Heywood maintained a Buy rating alongside the target.

Target sets a valuation marker

The target sits against Tourmaline Oil's latest reported TSX close of CAD 66.50 on October 23, 2026. That places the analyst target CAD 8.50 above the closing price, while the same report shows a divided analyst backdrop: Jefferies retained a Buy view on October 20, whereas Goldman Sachs assigned a Sell rating on the same date.

What does the latest quarter show?

Tourmaline reported revenue of CAD 1.36 billion for the quarter ended June 30, 2026, compared with CAD 1.08 billion in the prior-year quarter, an increase of 25.93 percent. Net profit fell to CAD 184.43 million from CAD 514.59 million, a decline of 64.15 percent. Both figures are carried by Markets Insider.

Three dated capital-return steps

On October 8, 2026, Tourmaline completed the sale of 11,500,000 Topaz shares for gross proceeds of CAD 330.6 million, according to BOE Report. On October 19, Scotiabank cut its target from CAD 76.00 to CAD 73.00. On October 22, ATB Cormark set its CAD 75.00 target, making the latest analyst action the final step in the sequence.

Next reporting date

Tourmaline's next scheduled reporting event is the release of third-quarter 2026 results on November 4, 2026, according to MarketScreener. The date gives investors the next fixed point for assessing whether stronger revenue has translated into improved earnings.

TSX price and valuation context

Tourmaline Oil last closed at CAD 66.50 on the TSX on October 23, 2026. Its 52-week range was CAD 57.95 to CAD 70.57, placing the close CAD 4.07 below the high and CAD 8.55 above the low. The company operates in oil and gas exploration and production, with assets in Western Canada's sedimentary basin.

The further course of trading is shown by the continuously updated real-time quote of Tourmaline Oil stock.