Tourmaline Oil Corp. (TSE:TOU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Tourmaline Oil Corp. (TSE:TOU) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$78.41.

TOU has been the topic of a number of research reports. Scotiabank boosted their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Canaccord Genuity Group dropped their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. TD Securities reduced 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 report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on shares of Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. Finally, National Bankshares set a C$72.50 target price on shares of Tourmaline Oil and gave the stock a “buy” rating in a report on Tuesday, September 24th.

Tourmaline Oil Stock Down 2.3 %

TSE:TOU opened at C$62.54 on Monday. The stock has a market cap of C$23.22 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.72 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The stock has a 50-day moving average price of C$62.32 and a two-hundred day moving average price of C$62.96. Tourmaline Oil has a 1 year low of C$53.45 and a 1 year high of C$69.25.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). The business had revenue of C$1.47 billion for the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. As a group, equities analysts expect that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Cuts Dividend

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

Insider Buying and Selling at Tourmaline Oil

In other news, Senior Officer Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of C$61.12 per share, for a total transaction of C$305,622.00. Also, Director Jill Terilee Angevine purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$59.85 per share, for a total transaction of C$149,625.00. Insiders have purchased a total of 30,000 shares of company stock worth $1,817,265 over the last ninety days. Insiders own 5.13% of the company’s stock.

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.