Tourmaline Oil Corp. (TSE:TOU) Given Consensus Recommendation of "Moderate Buy" by Analysts

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$76.72.

Several research analysts recently weighed in on the stock. Cormark upgraded shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. UBS Group decreased their price target on shares of Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. Desjardins lifted their price objective on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. Raymond James Financial set a C$78.00 target price on shares of Tourmaline Oil and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. Finally, CIBC reduced their target price on Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th.

Tourmaline Oil Stock Down 0.1%

TOU opened at C$65.70 on Tuesday. The firm has a market capitalization of C$24.48 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a one year low of C$55.27 and a one year high of C$70.83. The company has a fifty day moving average price of C$63.88 and a 200-day moving average price of C$65.12. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47.

Tourmaline Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Monday, June 16th. Tourmaline Oil's dividend payout ratio is presently 31.61%.

Insider Activity

In other news, Senior Officer William Scott Kirker sold 56,000 shares of Tourmaline Oil stock in a transaction dated 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. Also, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of C$64.68 per share, with a total value of C$323,379.00. Over the last 90 days, insiders have acquired 30,000 shares of company stock valued at $1,913,971. Company insiders own 5.13% of the company's stock.

About Tourmaline Oil

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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