Tourmaline Oil Corp. (TSE:TOU - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$64.96 and traded as high as C$67.03. Tourmaline Oil shares last traded at C$66.63, with a volume of 6,048,528 shares.
Wall Street Analyst Weigh In
Several equities analysts have commented on TOU shares. CIBC decreased their target price on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Cormark raised shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. UBS Group cut their target price on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. TD Securities reduced their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Desjardins boosted their price target on Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$76.72.
View Our Latest Research Report on Tourmaline Oil
Tourmaline Oil Price Performance
The business has a 50-day moving average of C$62.93 and a two-hundred day moving average of C$64.96. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The firm has a market cap of C$24.91 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.
Tourmaline Oil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, June 16th. Tourmaline Oil's dividend payout ratio (DPR) is currently 31.61%.
Insider Transactions at Tourmaline Oil
In related news, Senior Officer William Scott Kirker sold 56,000 shares of the company'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. Also, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of C$62.82 per share, with a total value of C$314,097.50. Over the last 90 days, insiders have acquired 25,000 shares of company stock worth $1,590,592. Company insiders own 5.13% of the company's stock.
About Tourmaline Oil
(
Get Free Report)
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.
Featured Articles
Before you consider Tourmaline Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tourmaline Oil wasn't on the list.
While Tourmaline Oil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
