Tourmaline Oil Corp. (TSE:TOU) Receives C$78.38 Consensus Target Price from Analysts

Shares of Tourmaline Oil Corp. (TSE:TOU) have received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$78.38.

A number of equities analysts have recently issued reports on TOU shares. Cormark upgraded shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group reduced their price objective on Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Scotiabank lifted their target price on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. National Bankshares set a C$72.50 target price on Tourmaline Oil and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Desjardins raised their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

Insider Transactions at Tourmaline Oil

In other news, Director Jill Terilee Angevine acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of C$61.29 per share, for a total transaction of C$79,677.00. In related news, Senior Officer Mike Rose acquired 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of C$61.59 per share, with a total value of C$307,945.00. Also, Director Jill Terilee Angevine acquired 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$61.29 per share, for a total transaction of C$79,677.00. Insiders have bought a total of 31,800 shares of company stock valued at $1,915,381 over the last three months. 5.41% of the stock is currently owned by corporate insiders.

Tourmaline Oil Trading Up 2.6 %

Shares of TOU opened at C$65.00 on Friday. 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 company has a market cap of C$24.13 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.72 and a beta of 1.30. The stock has a fifty day moving average price of C$60.26 and a two-hundred day moving average price of C$62.89. Tourmaline Oil has a 52-week low of C$53.45 and a 52-week high of C$74.21.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The business had revenue of C$1.31 billion during the quarter, compared to the consensus estimate of C$1.37 billion. Analysts predict that Tourmaline Oil will post 6.68037 EPS for the current fiscal year.

Tourmaline Oil Cuts Dividend

The company also recently announced a None dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.50 dividend. This represents a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. Tourmaline Oil’s payout ratio is presently 33.18%.

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.