Tourmaline Oil Corp. (TSE:TOU) Receives C$78.20 Average PT from Analysts

Tourmaline Oil Corp. (TSE:TOU) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$78.20.

Several brokerages have recently weighed in on TOU. UBS Group upped their target price on Tourmaline Oil from C$79.00 to C$80.00 in a research report on Thursday, February 13th. Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. CIBC lifted their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Jefferies Financial Group upped their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Finally, National Bankshares boosted their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Tourmaline Oil Price Performance

Shares of TSE:TOU opened at C$68.70 on Friday. The business’s fifty day moving average price is C$67.11 and its two-hundred day moving average price is C$64.74. Tourmaline Oil has a one year low of C$55.27 and a one year high of C$70.83. The stock has a market cap of C$25.60 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.35. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 31.61%.

Insider Activity at Tourmaline Oil

In other news, Director Jill Terilee Angevine acquired 1,000 shares of Tourmaline Oil stock in a transaction dated Friday, January 31st. The stock was bought at an average price of C$66.63 per share, for a total transaction of C$66,630.00. Also, Senior Officer Mike Rose purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was acquired at an average price of C$66.44 per share, for a total transaction of C$166,109.00. Over the last quarter, insiders purchased 16,000 shares of company stock worth $1,054,314. 5.13% of the stock is owned by insiders.

Tourmaline Oil Company Profile

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.