Tourmaline Oil Corp. (TSE:TOU) Given Average Rating of “Moderate Buy” by Brokerages

Tourmaline Oil Corp. (TSE:TOU) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$78.45.

Several equities analysts recently issued reports on TOU shares. CIBC increased their target price on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. National Bankshares boosted 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 note on Thursday, December 19th. Jefferies Financial Group raised their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Finally, UBS Group upped their target price on shares of Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th.

Tourmaline Oil Stock Up 0.0 %

Shares of TSE TOU opened at C$64.85 on Wednesday. Tourmaline Oil has a 52-week low of C$55.27 and a 52-week high of C$70.83. The business’s 50 day moving average is C$67.40 and its two-hundred day moving average is C$64.36. The firm has a market cap of C$24.17 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13.

Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.16%. Tourmaline Oil’s dividend payout ratio is currently 31.61%.

Insider Activity

In other Tourmaline Oil news, Director Jill Terilee Angevine acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of C$66.63 per share, for a total transaction of C$66,630.00. Also, Senior Officer Mike Rose bought 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of C$62.09 per share, for a total transaction of C$155,216.50. In the last three months, insiders have bought 16,000 shares of company stock worth $1,047,918. 5.13% of the stock is currently owned by corporate insiders.

About Tourmaline Oil

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.