Tourmaline Oil (TOU) Stock Forecast & Price Target

C$61.25 +0.54 (+0.89%)

(As of 12/20/2024 05:18 PM ET)

Tourmaline Oil - Analysts' Recommendations and Stock Price Forecast (2025)

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$78.42
28.03% Upside

According to the 12 analysts' twelve-month price targets for Tourmaline Oil, the average price target is C$78.42. The highest price target for TOU is C$93.00, while the lowest price target for TOU is C$73.00. The average price target represents a forecasted upside of 28.03% from the current price of C$61.25.

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TOU Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
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$78.42	C$78.41	C$78.38	C$84.88
Forecasted Upside	28.03% Upside	15.61% Upside	33.97% Upside	42.96% 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	2.81
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
12/19/2024	National Bankshares 1 of 5 stars		Boost Target	Outperform	C$72.50 ➝ C$75.00	+23.74%
12/16/2024	Jefferies Financial Group 2 of 5 stars		Boost Target		C$73.00 ➝ C$76.00	+23.30%
12/9/2024	UBS Group 4 of 5 stars	J. Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$70.00 ➝ C$73.00	+16.15%
10/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$77.00 ➝ C$75.00	+19.14%
10/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$75.00 ➝ C$74.00	+16.76%
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
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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%
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%
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 Sunday at 12:20 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 Friday, December 13, 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.:

Tourmaline Oil Corp. recently increased its quarterly dividend to $0.35, reflecting a commitment to returning value to shareholders. This increase from the previous dividend of $0.32 indicates strong financial health and a positive outlook.
The company reported a net margin of 30.75%, showcasing its ability to convert revenue into profit effectively. A high net margin is often a sign of operational efficiency and strong pricing power.
With a current stock price around C$66.37, the company is positioned within its 52-week range, suggesting stability and potential for growth as it approaches its high of C$69.25.
Tourmaline Oil Corp. has a return on equity of 10.86%, which indicates that the company is effectively using shareholders' equity to generate profits. A higher return on equity is generally favorable for investors.
The company has a market capitalization of C$23.39 billion, which positions it as a significant player in the oil and gas sector, potentially providing stability and resilience against market fluctuations.

Tourmaline Oil
Bear Case

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

The company reported earnings per share (EPS) of C$1.00 for the latest quarter, missing analysts' expectations of C$1.26. This shortfall may raise concerns about the company's growth prospects and operational challenges.
Tourmaline Oil Corp. has a relatively high debt-to-equity ratio of 10.24, indicating that the company relies heavily on debt financing. High leverage can increase financial risk, especially in volatile markets.
Despite a strong revenue figure of C$1.47 billion, it fell short of analysts' expectations of C$1.63 billion, which may signal potential issues in sales or market demand.
The company's quick ratio of 0.47 suggests that it may struggle to meet short-term liabilities with its most liquid assets, raising concerns about liquidity and financial stability.
Insider selling activity, such as the sale of 66,000 shares by a senior officer, could indicate a lack of confidence in the company's future performance, which may concern potential investors.

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$78.42, with a high forecast of C$93.00 and a low forecast of C$73.00.
: 12 Wall Street equities 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 equities research analysts is that investors should "moderate buy" TOU shares.
: According to analysts, Tourmaline Oil's stock has a predicted upside of 28.03% 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, TD Securities, and UBS Group 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 2.81. Learn more on how TOU compares to other companies.

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This page (TSE:TOU) was last updated on 12/21/2024 by MarketBeat.com Staff

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Tourmaline Oil (TOU) Stock Forecast & Price Target