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F   12.86 (+3.29%)
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AMC   4.31 (-1.15%)
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PYPL   59.71 (-1.37%)
XOM   104.57 (-1.20%)
TSE:TOU

Tourmaline Oil (TOU) Stock Price, News & Analysis

C$63.10
+0.77 (+1.24%)
(As of 01:39 PM ET)
Today's Range
C$62.26
C$63.48
50-Day Range
C$53.99
C$62.34
52-Week Range
C$52.34
C$74.21
Volume
494,124 shs
Average Volume
2.20 million shs
Market Capitalization
C$21.50 billion
P/E Ratio
21.76
Dividend Yield
1.77%
Price Target
C$78.35

Tourmaline Oil MarketRank™ Stock Analysis

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
24.4% Upside
C$78.35 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Tourmaline Oil in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$917,172 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.54 out of 5 stars


TOU stock logo

About Tourmaline Oil Stock (TSE:TOU)

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

TOU Stock Price History

TOU Stock News Headlines

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Tourmaline Oil Taps Earl McKinnon as Operating Chief
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See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Today
3/04/2024
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
360
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$78.35
High Stock Price Target
C$90.00
Low Stock Price Target
C$70.00
Potential Upside/Downside
+25.7%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
12 Analysts

Profitability

Net Income
C$1.01 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.26 billion
Cash Flow
C$0.22 per share
Book Value
C$38.30 per share

Miscellaneous

Free Float
N/A
Market Cap
C$21.24 billion
Optionable
Not Optionable
Beta
1.41
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Key Executives

  • Mr. Michael L. Rose P.Geol (Age 66)
    Chairman of the Board, President & CEO
    Comp: $4.67M
  • Mr. Brian G. Robinson (Age 67)
    CFO & Non-Independent Director
    Comp: $2.25M
  • Mr. Earl Henry McKinnon
    Chief Operating Officer
  • Ms. Sherra Aspin
    Vice President of Marketing
  • Mr. Colin Joel Frostad
    Vice President of Exploration
  • Mr. William Scott Kirker
    Chief Legal Officer & External Affairs
  • Ms. Katie Beck
    General Counsel & Corporate Secretary

Should I Buy Tourmaline Oil Stock? TOU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Tourmaline Oil was last updated on Friday, March 1, 2024 at 2:04 PM.

Pros

Here are some ways that investors could benefit from investing in Tourmaline Oil Corp.:

  • Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin, a region known for its rich energy resources.
  • The company holds interests in profitable assets such as the Alberta Deep Basin, the British Columbia Montney, and the Peace River High Triassic oil complex, providing diversified revenue streams.
  • Tourmaline Oil Corp. has shown strong financial performance with a solid annual revenue and net income, indicating stability and growth potential.
  • The company has a high Return on Equity and Return on Assets, demonstrating efficient use of investor funds and operational assets.
  • Tourmaline Oil Corp. offers a competitive dividend yield, providing investors with a steady income stream while holding the stock.

Cons

Investors should be bearish about investing in Tourmaline Oil Corp. for these reasons:

  • While the company has profitable assets, the oil and gas industry can be volatile, subject to fluctuations in commodity prices and market demand.
  • Tourmaline Oil Corp. operates in a competitive industry with other major players, which could impact its market share and profitability.
  • There may be environmental and regulatory risks associated with oil and gas exploration and production, which could affect the company's operations and financial performance.
  • Investors should consider the company's beta and relative strength index (RSI) to assess its stock price volatility and market performance compared to peers.
  • While Tourmaline Oil Corp. has a strong financial position, investors should monitor any changes in key metrics such as free float, pretax margin, and forward P/E ratio for potential risks.














TOU Stock Analysis - Frequently Asked Questions

Should I buy or sell Tourmaline Oil stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TOU shares.
View TOU analyst ratings
or view top-rated stocks.

What is Tourmaline Oil's stock price target for 2024?

12 Wall Street analysts have issued twelve-month target prices for Tourmaline Oil's shares. Their TOU share price targets range from C$70.00 to C$90.00. On average, they expect the company's share price to reach C$78.35 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for TOU
or view top-rated stocks among Wall Street analysts.

How have TOU shares performed in 2024?

Tourmaline Oil's stock was trading at C$59.59 on January 1st, 2024. Since then, TOU shares have increased by 5.7% and is now trading at C$63.00.
View the best growth stocks for 2024 here
.

When is Tourmaline Oil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our TOU earnings forecast
.

How often does Tourmaline Oil pay dividends? What is the dividend yield for Tourmaline Oil?

Tourmaline Oil announced a quarterly dividend on Friday, December 1st. Investors of record on Friday, December 15th will be paid a dividend of 0.28 per share on Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, December 14th. This is a boost from the stock's previous quarterly dividend of C$0.26.
Read our dividend analysis for TOU
.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.12 per share and currently has a dividend yield of 1.88%. The dividend payout ratio is 38.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOU.

What other stocks do shareholders of Tourmaline Oil own?
How do I buy shares of Tourmaline Oil?

Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TOU) was last updated on 3/4/2024 by MarketBeat.com Staff