Tourmaline Oil Corp. (TSE:TOU) Receives C$77.82 Consensus Target Price from Analysts

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$77.82.

TOU has been the topic of several research reports. National Bankshares increased their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. CIBC increased their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Jefferies Financial Group boosted their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Canaccord Genuity Group reduced their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their target price on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th.

Insider Buying and Selling at Tourmaline Oil

In other news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of C$62.27 per share, with a total value of C$155,664.50. Also, Director Jill Terilee Angevine bought 1,000 shares of Tourmaline Oil stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of C$66.63 per share, with a total value of C$66,630.00. Insiders have purchased 16,000 shares of company stock worth $1,040,392 over the last three months. Insiders own 5.13% of the company's stock.

Tourmaline Oil Trading Down 0.1 %

Tourmaline Oil stock traded down C$0.10 during trading on Friday, hitting C$66.64. The company had a trading volume of 1,063,896 shares, compared to its average volume of 1,505,397. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The company's 50 day simple moving average is C$65.68 and its 200-day simple moving average is C$63.23. Tourmaline Oil has a 1-year low of C$53.45 and a 1-year high of C$70.65. The stock has a market cap of C$24.74 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU - Get Free Report) last posted its quarterly earnings data 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). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.47 billion during the quarter, compared to analysts' expectations of C$1.63 billion. As a group, analysts expect that Tourmaline Oil will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. This is an increase from Tourmaline Oil's previous quarterly dividend of $0.32. The ex-dividend date was Monday, December 16th. Tourmaline Oil's dividend payout ratio is 33.18%.

About Tourmaline Oil

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.