Cormark Forecasts Tourmaline Oil's FY2025 Earnings (TSE:TOU)

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 EPS estimates for shares of Tourmaline Oil in a report released on Friday, August 1st. Cormark analyst K. Baim expects that the company will post earnings of $4.09 per share 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.

Several other analysts also recently commented on the stock. CIBC decreased their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Raymond James Financial downgraded shares of Tourmaline Oil from an "outperform" rating to a "market perform" rating and cut their target price for the company from C$76.00 to C$74.00 in a research report on Thursday, July 31st. Royal Bank Of Canada decreased their price target on shares of Tourmaline Oil from C$78.00 to C$75.00 in a research note on Friday, August 1st. Desjardins upped their price target on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th. Finally, ATB Capital boosted their price target on Tourmaline Oil from C$76.00 to C$77.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$76.18.

Tourmaline Oil Trading Up 0.2%

Shares of Tourmaline Oil stock traded up C$0.12 during trading on Monday, hitting C$58.12. The stock had a trading volume of 797,434 shares, compared to its average volume of 2,261,462. The stock has a 50 day simple moving average of C$63.19 and a 200 day simple moving average of C$64.41. Tourmaline Oil has a 1 year low of C$55.40 and a 1 year high of C$70.83. The company has a market capitalization of C$21.66 billion, a PE ratio of 13.12, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13.

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 paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. Tourmaline Oil's dividend payout ratio is currently 31.61%.

Insider Buying and Selling

In other Tourmaline Oil news, Senior Officer William Scott Kirker sold 56,000 shares of the 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 transaction of C$3,636,561.60. Also, Senior Officer Mike Rose acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of C$58.36 per share, with a total value of C$291,793.00. Insiders have purchased a total of 45,305 shares of company stock valued at $2,856,914 over the last three months. 5.13% of the stock is owned by corporate 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.