Canaccord lifts target for Tourmaline Oil stock to CAD 69.00
Published on 10/29/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Canaccord maintained a Hold rating on October 28, 2026.
- Tourmaline Oil is scheduled to release third-quarter results on November 4, 2026.
- Tourmaline Oil had a market capitalization of CAD 26.3 billion as of October 29, 2026.
Tourmaline Oil (ISIN CA89156V1067) drew a higher Canaccord target of CAD 69.00 on October 28, 2026, up from CAD 67.00, according to Investing.com. The same company had reported second-quarter revenue of CAD 1.25 billion, 15 percent above the year-earlier period, while net income was CAD 184.43 million, according to Yahoo Finance.
Three events shape the setup
On May 7, 2026, first-quarter revenue reached CAD 1.36 billion, compared with CAD 1.31 billion a year earlier, according to Simply Wall St. On July 31, the company retained 2026 production guidance of 620,000 to 640,000 barrels of oil equivalent per day. On October 28, Tourmaline closed at CAD 67.74 in Toronto, according to MarketWatch.
What does the next report mean?
The target increase leaves Canaccord's valuation close to the Toronto price, while the broader analyst range remains wide at CAD 54.00 to CAD 85.00. Tourmaline's business remains tied to natural gas and oil production in the Western Canadian Sedimentary Basin, making commodity prices and operating execution central to the next earnings update.
Dates for the next catalyst
Yahoo Finance lists November 4, 2026 as the next earnings date and December 15, 2026 as the ex-dividend date. The November report will test whether the second-quarter revenue increase translated into stronger earnings after net income fell from CAD 514.59 million in the year-earlier quarter.
Euro quote and market value
Tourmaline Oil was trading at EUR 43.26 at Lang & Schwarz on October 29, 2026 at 1:42 p.m. CEST. Its market capitalization was CAD 26.3 billion on October 29, 2026, while the 52-week Toronto range was CAD 57.95 to CAD 70.57, according to Yahoo Finance. The further course of trading is shown by the continuously updated real-time quote of Tourmaline Oil stock.
Tourmaline Oil key data
- Company: Tourmaline Oil Corp.
- ISIN: CA89156V1067
- Ticker: TOU
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 29, 2026, 1:42 p.m. CEST): EUR 43.26
- Market capitalization: CAD 26.3 billion (as of October 29, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 4, 2026
Market context: Market report S&P/TSX Composite.
