Tourmaline Oil (TOU) Stock Forecast & Price Target

C$68.04 +0.41 (+0.61%)

(As of 11/25/2024 ET)

Tourmaline Oil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for Tourmaline Oil in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for TOU.

Consensus Price Target

C$78.41
15.24% Upside

According to the 12 analysts' twelve-month price targets for Tourmaline Oil, the average price target is C$78.41. The highest price target for TOU is C$93.00, while the lowest price target for TOU is C$72.50. The average price target represents a forecasted upside of 15.24% from the current price of C$68.04.

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TOU Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$78.41	C$77.86	C$79.04	C$84.71
Forecasted Upside	15.24% Upside	20.14% Upside	27.59% Upside	28.05% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy

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TOU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TOU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tourmaline Oil Stock vs. The Competition

Type	Tourmaline Oil	Energy Companies
Consensus Rating Score	2.92	2.80
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent TOU News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	Jefferies Financial Group 2 of 5 stars		Boost Target		C$67.00 ➝ C$73.00	+16.15%
10/23/2024	TD Securities 4 of 5 stars		Lower Target	Buy	C$77.00 ➝ C$75.00	+19.14%
10/22/2024	Canaccord Genuity Group 4 of 5 stars		Lower Target		C$75.00 ➝ C$74.00	+16.76%
9/24/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$72.50	+20.79%
9/23/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Watson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/13/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$90.00 ➝ C$93.00	+51.71%
Get the Latest News and Ratings for TOU and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter.
8/13/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$72.00 ➝ C$75.00	+22.35%
6/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/2/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$77.50 ➝ C$80.00	+21.78%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$75.00 ➝ C$80.00	+21.21%
3/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$78.00 ➝ C$75.00	+17.96%
3/20/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$85.00 ➝ C$80.00	+31.77%
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy	C$90.00 ➝ C$85.00	+48.50%
10/17/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$84.00 ➝ C$86.00	+18.52%
7/6/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$85.00 ➝ C$75.00	+24.94%
1/12/2023	Stifel Firstegy Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:45 AM ET.

Should I Buy Tourmaline Oil Stock? TOU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Tourmaline Oil pros and cons to contact@marketbeat.com.

Tourmaline Oil
Bull Case

Here are some ways that investors could benefit from investing in Tourmaline Oil Corp.:

The current stock price is C$62.54, which is above its 200-day moving average of C$62.98, indicating a potential upward trend in stock performance.
Tourmaline Oil Corp. has a strong market capitalization of C$23.39 billion, suggesting a solid position in the market and potential for growth.
The company reported a net margin of 30.75%, indicating efficient management and profitability, which can lead to higher returns for investors.
Analysts have a consensus target price of C$78.41, suggesting that there is significant upside potential from the current stock price.
Tourmaline Oil Corp. has a return on equity of 10.86%, which reflects effective use of equity to generate profits, making it an attractive investment opportunity.

Tourmaline Oil
Bear Case

Investors should be bearish about investing in Tourmaline Oil Corp. for these reasons:

The company recently missed earnings expectations, reporting C$1.00 EPS compared to the consensus estimate of C$1.26, which may raise concerns about future performance.
Tourmaline Oil Corp. has a high debt-to-equity ratio of 10.24, indicating that the company relies heavily on debt financing, which can be risky in volatile markets.
The quick ratio of 0.47 suggests that the company may struggle to meet its short-term liabilities, which could impact liquidity and financial stability.
Recent dividend cuts may signal financial strain or a shift in company strategy, which could deter income-focused investors.
With a beta of 1.30, the stock is more volatile than the market, indicating higher risk for investors, especially in uncertain economic conditions.

TOU Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Tourmaline Oil is C$78.41, with a high forecast of C$93.00 and a low forecast of C$72.50.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TOU shares.
: According to analysts, Tourmaline Oil's stock has a predicted upside of 15.24% based on their 12-month stock forecasts.
: Over the previous 90 days, Tourmaline Oil's stock had 1 upgrade by analysts.
: Tourmaline Oil has been rated by research analysts at Canaccord Genuity Group, Cormark, Jefferies Financial Group, National Bankshares, and TD Securities in the past 90 days.
: Analysts like Tourmaline Oil more than other "energy" companies. The consensus rating score for Tourmaline Oil is 2.92 while the average consensus rating score for "energy" companies is 2.80. Learn more on how TOU compares to other companies.

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This page (TSE:TOU) was last updated on 11/26/2024 by MarketBeat.com Staff

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Tourmaline Oil (TOU) Stock Forecast & Price Target