Tourmaline Oil Corp. (TSE:TOU) Receives C$78.41 Consensus Target Price from Brokerages

Shares of Tourmaline Oil Corp. (TSE:TOU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$78.41.

Several research analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. Desjardins increased their price target on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. TD Securities dropped their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group reduced their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Finally, National Bankshares set a C$72.50 price target on Tourmaline Oil and gave the stock a "buy" rating in a research note on Tuesday, September 24th.

Insider Activity

In other Tourmaline Oil news, Senior Officer William Scott Kirker sold 66,000 shares of Tourmaline Oil stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$66.37, for a total transaction of C$4,380,274.80. Also, Director Jill Terilee Angevine bought 2,500 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average cost of C$59.85 per share, with a total value of C$149,625.00. Over the last three months, insiders have acquired 30,000 shares of company stock valued at $1,817,265. Company insiders own 5.13% of the company's stock.

Tourmaline Oil Price Performance

Tourmaline Oil stock traded up C$0.46 during midday trading on Monday, reaching C$63.00. 4,062,267 shares of the stock were exchanged, compared to its average volume of 2,433,453. Tourmaline Oil has a 52 week low of C$53.45 and a 52 week high of C$69.25. 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 market cap of C$23.39 billion, a PE ratio of 14.93, a PEG ratio of 1.72 and a beta of 1.30. The company's fifty day moving average is C$62.40 and its 200-day moving average is C$62.93.

Tourmaline Oil (TSE:TOU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The business had revenue of C$1.47 billion during the quarter, compared to analysts' expectations of C$1.63 billion. On average, sell-side analysts forecast that Tourmaline Oil will post 5.6809091 EPS for the current year.

Tourmaline Oil Cuts Dividend

The firm also recently declared a None dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.50 per share. This represents a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. Tourmaline Oil's payout ratio is 33.18%.

Tourmaline Oil Company Profile

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.