Cormark Comments on Tourmaline Oil FY2025 Earnings

Key Points

• Cormark analysts predict that Tourmaline Oil will report an FY2025 earnings per share of $4.09, significantly lower than the current consensus estimate of $5.68 per share.
• The company has seen fluctuations in its stock ratings, with Royal Bank of Canada and TD Securities lowering their price targets, while Desjardins has increased theirs, reflecting mixed analyst sentiments.
• Tourmaline Oil recently announced a dividend payment of $0.35 per share, translating to an annualized yield of 2.4%, and its current dividend payout ratio stands at 31.61%.

Tourmaline Oil Corp. (TSE:TOU - Free Report) - Analysts at Cormark issued their FY2025 earnings per share estimates for Tourmaline Oil in a report released on Friday, August 1st. Cormark analyst K. Baim expects that the company will post earnings per share of $4.09 for the year. The consensus estimate for Tourmaline Oil's current full-year earnings is $5.68 per share. Cormark also issued estimates for Tourmaline Oil's FY2026 earnings at $5.50 EPS.

A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Tourmaline Oil from C$78.00 to C$75.00 in a research report on Friday. Desjardins lifted their price objective on Tourmaline Oil from C$74.00 to C$76.00 and gave the company a "hold" rating in a research report on Tuesday, April 15th. TD Securities lowered their price objective on Tourmaline Oil from C$76.00 to C$73.00 and set a "buy" rating on the stock in a research report on Friday. CIBC lowered their price objective on Tourmaline Oil from C$75.00 to C$74.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Raymond James Financial cut Tourmaline Oil from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$76.00 to C$74.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$76.18.

Tourmaline Oil Stock Down 2.3%

TOU stock opened at C$57.61 on Monday. Tourmaline Oil has a twelve month low of C$55.27 and a twelve month high of C$70.83. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. The stock has a market cap of C$21.47 billion, a P/E ratio of 13.01, a PEG ratio of 1.72 and a beta of 1.30. The business's 50-day moving average price is C$63.55 and its 200-day moving average price is C$64.57.

Tourmaline Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Friday, August 8th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Tourmaline Oil's dividend payout ratio is presently 31.61%.

Insider Buying and Selling

In other Tourmaline Oil news, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of C$62.98 per share, with a total value of C$314,917.00. Also, Senior Officer William Scott Kirker sold 56,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$64.94, for a total value of C$3,636,561.60. Over the last three months, insiders purchased 40,000 shares of company stock worth $2,547,532. 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.

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