Tourmaline Oil Corp. (TSE:TOU) Receives C$77.82 Consensus PT from Analysts

Shares of Tourmaline Oil Corp. (TSE:TOU) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$77.82.

Several equities analysts recently weighed in on the stock. National Bankshares increased 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 report on Thursday, December 19th. Jefferies Financial Group increased their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. UBS Group boosted their target price on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. TD Securities reduced their price objective 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. Finally, 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.

Insider Activity

In related news, Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of C$68.38 per share, for a total transaction of C$170,945.00. Also, Director Jill Terilee Angevine bought 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was bought at an average price of C$66.63 per share, with a total value of C$66,630.00. Insiders have bought a total of 16,000 shares of company stock worth $1,040,392 over the last quarter. 5.13% of the stock is currently owned by corporate insiders.

Tourmaline Oil Trading Up 0.8 %

Tourmaline Oil stock opened at C$66.74 on Friday. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$70.65. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The stock has a market cap of C$24.77 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The stock has a 50-day moving average of C$65.67 and a two-hundred day moving average of C$63.20.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. On average, research analysts anticipate that Tourmaline Oil will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s payout ratio is currently 33.18%.

About Tourmaline Oil

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.