Tourmaline Oil Corp. (TSE:TOU) Stock Has Average Target Price of C$70.80 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Tourmaline Oil, with four holds, two buys, one strong buy and one sell among eight brokerages. The average one-year price target is C$70.80.
• The stock opened at C$65.30 and was down 0.2%; its reported 52-week range is C$57.95 to C$70.57. Recent analyst targets include C$75 from ATB Cormark and C$74 from Jefferies.
• Tourmaline reported quarterly EPS of C$1.64 and revenue of C$1.47 billion. Insiders bought 30,000 shares worth about C$1.85 million over the past 90 days, including a 5,000-share purchase by Mike Rose.

Shares of Tourmaline Oil Corp. (TSE:TOU - Get Free Report) have been given a consensus recommendation of "Hold" by the eight brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$70.80.

TOU has been the subject of a number of research analyst reports. Desjardins set a C$68.00 price target on Tourmaline Oil and gave the stock a "hold" rating in a report on Friday, July 17th. TD raised their price objective on Tourmaline Oil from C$65.00 to C$66.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. ATB Cormark Capital Markets boosted their price objective on shares of Tourmaline Oil from C$70.00 to C$75.00 and gave the company an "outperform" rating in a report on Thursday, October 22nd. The Goldman Sachs Group cut shares of Tourmaline Oil from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, October 1st. Finally, Jefferies Financial Group increased their target price on shares of Tourmaline Oil from C$72.00 to C$74.00 in a research note on Friday, July 24th.

Tourmaline Oil Trading Down 0.2%

Shares of Tourmaline Oil stock opened at C$65.30 on Friday. The firm has a market capitalization of C$25.31 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 1.72 and a beta of -0.09. Tourmaline Oil has a fifty-two week low of C$57.95 and a fifty-two week high of C$70.57. The company has a debt-to-equity ratio of 8.95, a quick ratio of 0.47 and a current ratio of 0.86. The stock has a 50 day moving average of C$63.64 and a 200 day moving average of C$63.25.

Tourmaline Oil (TSE:TOU - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported C$1.64 earnings per share (EPS) for the quarter. Tourmaline Oil had a return on equity of 5.19% and a net margin of 13.86%. The company had revenue of C$1.47 billion during the quarter. As a group, research analysts predict that Tourmaline Oil will post 5.68 earnings per share for the current year.

Insider Buying and Selling at Tourmaline Oil

In related news, insider Mike Rose purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of C$62.21 per share, for a total transaction of C$311,050.00. Following the purchase, the insider directly owned 8,167,678 shares of the company's stock, valued at C$508,111,248.38. The trade was a 0.06% increase in their ownership of the stock. Insiders have purchased 30,000 shares of company stock worth $1,845,100 in the last 90 days. 5.13% of the stock is currently owned by corporate insiders.

Tourmaline Oil Company Profile

Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our two core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.

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