Tourmaline Oil Corp. (TSE:TOU) Receives C$78.42 Consensus Price Target from Analysts

Shares of Tourmaline Oil Corp. (TSE:TOU - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$78.42.

TOU has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Cormark upgraded shares of Tourmaline Oil to a "hold" rating in a report on Monday, September 23rd. Canaccord Genuity Group dropped their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. TD Securities decreased their price target on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday, December 9th.

Insider Buying and Selling at Tourmaline Oil

In other news, Senior Officer Mike Rose purchased 2,500 shares of Tourmaline Oil stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of C$68.38 per share, for a total transaction of C$170,945.00. Insiders purchased 15,000 shares of company stock valued at $957,263 in the last quarter. 5.13% of the stock is currently owned by corporate insiders.

Tourmaline Oil Stock Down 1.3 %

TOU stock traded down C$0.93 during trading on Tuesday, reaching C$68.23. The stock had a trading volume of 1,220,811 shares, compared to its average volume of 1,885,435. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The company has a market capitalization of C$25.33 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$69.70. The company's 50 day moving average is C$64.35 and its two-hundred day moving average is C$62.44.

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

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.35 per share. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.32. The ex-dividend date was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 2.05%. Tourmaline Oil's dividend 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.