Tourmaline Oil (TSE:TOU) Stock Price Expected to Rise, UBS Group Analyst Says

Tourmaline Oil (TSE:TOU) had its price target increased by UBS Group from C$79.00 to C$80.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Canaccord Genuity Group lowered their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. CIBC lifted their price target on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. National Bankshares lifted their price target on 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. Finally, TD Securities decreased their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Tourmaline Oil presently has a consensus rating of “Moderate Buy” and an average target price of C$78.45.

Tourmaline Oil Stock Up 0.5 %

Shares of Tourmaline Oil stock opened at C$68.56 on Thursday. The business has a 50-day moving average of C$66.07 and a 200-day moving average of C$63.55. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. The company has a market capitalization of C$25.55 billion, a PE ratio of 15.48, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a 1-year low of C$53.69 and a 1-year high of C$70.65.

Tourmaline Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.35 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s dividend payout ratio (DPR) is currently 31.61%.

Insiders Place Their Bets

In other Tourmaline Oil news, Director Jill Terilee Angevine purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were bought at an average price of C$66.63 per share, with a total value of C$66,630.00. Also, Senior Officer Mike Rose purchased 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. Insiders have acquired 16,000 shares of company stock valued at $1,047,918 over the last quarter. 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.