Tourmaline Oil Corp. (TSE:TOU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tourmaline Oil Corp. (TSE:TOU) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$78.42.

TOU has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Cormark raised Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. National Bankshares increased their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. TD Securities dropped their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group upped their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday, December 9th.

Tourmaline Oil Stock Down 1.4 %

TOU opened at C$67.61 on Tuesday. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. Tourmaline Oil has a 12 month low of C$53.45 and a 12 month high of C$70.65. The stock’s 50 day moving average price is C$64.60 and its 200 day moving average price is C$62.55. The stock has a market cap of C$25.10 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). The business had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. As a group, research analysts predict that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.35 dividend. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Insider Activity

In related news, Senior Officer Mike Rose bought 2,500 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average price of C$68.38 per share, with a total value of C$170,945.00. Insiders acquired 10,000 shares of company stock worth $639,078 over the last quarter. Corporate insiders own 5.13% of the company’s stock.

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.