Shares of Tourmaline Oil Corp. (TSE:TOU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$78.41.
A number of analysts have weighed in on TOU shares. Desjardins upped their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Jefferies Financial Group lifted their price target on shares of Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. TD Securities decreased their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Scotiabank lifted their target price on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an "outperform" rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group decreased their price target on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd.
Check Out Our Latest Stock Analysis on Tourmaline Oil
Shares of TOU stock opened at C$62.54 on Monday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The firm has a fifty day moving average of C$62.32 and a 200-day moving average of C$62.96. Tourmaline Oil has a 52-week low of C$53.45 and a 52-week high of C$69.25. The stock has a market cap of C$23.22 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.72 and a beta of 1.30.
Tourmaline Oil (TSE:TOU - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts' consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The company had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. On average, equities research analysts forecast that Tourmaline Oil will post 5.6809091 earnings per share for the current fiscal year.
The company also recently disclosed a None dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 2.26%. Tourmaline Oil's dividend payout ratio is currently 33.18%.
In related news, Director Jill Terilee Angevine bought 2,500 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of C$59.85 per share, for a total transaction of C$149,625.00. Also, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of C$57.07 per share, with a total value of C$285,369.00. In the last quarter, insiders have acquired 30,000 shares of company stock valued at $1,817,265. 5.13% of the stock is currently owned by insiders.
Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Tourmaline Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tourmaline Oil wasn't on the list.
While Tourmaline Oil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.