Tourmaline Oil (TOU) Stock Price, News & Analysis

Company Overview

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. was incorporated in 2008 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$65.50 to C$68.10
• 50-Day Range: C$58.16 to C$66.81
• 52-Week Range: C$53.45 to C$69.25
• Volume: 496,606 shs
• Average Volume: 2.43 million shs
• Market Capitalization: C$25.19 billion
• P/E Ratio: 16.08
• Dividend Yield: 2.06%
• Price Target: C$78.41
• Consensus Rating: Moderate Buy

Tourmaline Oil Stock Analysis - MarketRank™

Tourmaline Oil scored higher than 58% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tourmaline Oil has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tourmaline Oil has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tourmaline Oil is 15.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tourmaline Oil is 15.52, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 109.55.

Price to Earnings Growth Ratio

Tourmaline Oil has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Tourmaline Oil has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TOU.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Tourmaline Oil pays a meaningful dividend of 2.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tourmaline Oil does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tourmaline Oil is 33.18%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TOU.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.91

News Sentiment

Tourmaline Oil has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Tourmaline Oil this week, compared to 2 articles on an average week.

Search Interest

Only 7 people have searched for TOU on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

11 people have added Tourmaline Oil to their MarketBeat watchlist in the last 30 days. This is an increase of 57% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Tourmaline Oil insiders have sold 141.04% more of their company's stock than they have bought. Specifically, they have bought C$1,817,264.00 in company stock and sold C$4,380,275.00 in company stock.

Percentage Held by Insiders

Only 5.13% of the stock of Tourmaline Oil is held by insiders.

Percentage Held by Institutions

47.41% of the stock of Tourmaline Oil is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TOU Stock Analysis - Frequently Asked Questions

How have TOU shares performed this year?

Tourmaline Oil's stock was trading at C$59.59 at the beginning of 2024. Since then, TOU shares have increased by 9.9% and is now trading at C$65.48.
View the best growth stocks for 2024 here.

How were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) issued its quarterly earnings data on Wednesday, November, 6th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.26 by $0.26. The company earned $1.47 billion during the quarter, compared to analysts' expectations of $1.63 billion. Tourmaline Oil had a net margin of 30.75% and a trailing twelve-month return on equity of 10.86%.

How do I buy shares of Tourmaline Oil?

Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Tourmaline Oil own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tourmaline Oil investors own include Constellation Software (CSU), Intact Financial (IFC), Toronto-Dominion Bank (TD), Enbridge (ENB), Peyto Exploration & Development (PEY), Canadian Natural Resources (CNQ) and Whitecap Resources (WCP).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/06/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: TSE:TOU
• CUSIP: N/A
• CIK: N/A
• Web: www.tourmalineoil.com
• Phone: +1-403-7673587
• Fax: N/A
• Employees: 389
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$78.41
• High Stock Price Target: C$93.00
• Low Stock Price Target: C$72.50
• Potential Upside/Downside: +19.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.92
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$4.22
• Trailing P/E Ratio: 15.52
• Forward P/E Ratio: 11.53
• P/E Growth: 1.72
• Net Income: C$1.48 billion
• Net Margins: 30.75%
• Pretax Margin: N/A
• Return on Equity: 10.86%
• Return on Assets: 6.26%

Debt

• Debt-to-Equity Ratio: 10.24
• Current Ratio: 1.11
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: C$4.80 billion
• Price / Sales: 5.06
• Cash Flow: C$0.23 per share
• Price / Cash Flow: 285.99
• Book Value: C$39.85 per share
• Price / Book: 1.64

Miscellaneous

• Outstanding Shares: 371,210,000
• Free Float: N/A
• Market Cap: C$24.31 billion
• Optionable: Not Optionable
• Beta: 1.30