ATB Cormark raises target for Tourmaline Oil stock to CAD 75.00 from CAD 70.00

Published on 10/27/2026 at 13:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The analyst kept Outperform on October 22, 2026. Tourmaline Oil stock costs EUR 43.08 on October 27, 2026, while market value is CAD 26.2 billion.

Analyst target and reporting dates

ATB Cormark lifted its target from CAD 70.00 to CAD 75.00 on October 22, 2026.
Second-quarter 2026 net income was CAD 184.4 million and diluted earnings per share were CAD 0.47.
Tourmaline Oil stock trades at EUR 43.08 at 1:46 p.m. CET at Lang & Schwarz on October 27, 2026.
Third-quarter 2026 results are scheduled for November 4, 2026.

TOU, CA89156V1067, Illustration mit AI erstellt.

Tourmaline Oil (CA89156V1067) was trading at EUR 43.08 at Lang & Schwarz on October 27, 2026 at 1:46 p.m. CET. The latest company-specific catalyst was ATB Cormark's target increase from CAD 70.00 to CAD 75.00 on October 22, 2026, reported by The Globe and Mail.

Target change sets the tone

ATB Cormark maintained its Outperform rating while raising the target from CAD 70.00 to CAD 75.00, making the October 22, 2026 note the most recent dated analyst action in the available coverage. The target change gives investors a concrete valuation reference ahead of Tourmaline Oil's next operating update.

The company is listed on the Toronto Stock Exchange under ticker TOU. Its market capitalization was CAD 26.2 billion as of October 26, 2026, while the 52-week range stood at CAD 57.95 to CAD 70.57 on that date.

What does the next report test?

Tourmaline Oil's second-quarter 2026 results showed net income of CAD 184.4 million and diluted earnings per share of CAD 0.47, according to Simply Wall St. The same report said earnings per share fell from CAD 1.36 in the second quarter of 2025, a sharp year-over-year comparison that puts the next production and cash-flow update at the center of the story.

Three events shape the record

Tourmaline Oil reported first-quarter 2026 earnings per share of CAD 1.70 on May 7, 2026, then reported second-quarter earnings per share of CAD 0.47 on July 31, 2026, according to Simply Wall St. ATB Cormark's CAD 75.00 target on October 22, 2026 is the latest of the three events.

Upcoming dates carry the next test

Simply Wall St lists November 4, 2026 as the date for Tourmaline Oil's third-quarter 2026 results. The source also identifies December 15, 2026 as the record date for a quarterly dividend linked to the company's fourth-quarter distribution schedule.

Stock value and trading context

The current euro quotation places the German-market reference firmly in the context of a Canadian energy company whose market value was CAD 26.2 billion on October 26, 2026. For investors, the key question is whether the November report can support the stronger analyst target after the weaker second-quarter earnings comparison.

Tourmaline Oil was trading at EUR 43.08 at Lang & Schwarz on October 27, 2026 at 1:46 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Tourmaline Oil stock.