Tourmaline Oil (TOU) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last year. There are currently 9 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.

10 Wall Street research analysts have issued 1 year price objectives for Tourmaline Oil's stock. Their TOU share price forecasts range from C$73.00 to C$112.00. On average, they expect the company's share price to reach C$81.64 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for TOU or view top-rated stocks among Wall Street analysts.

Tourmaline Oil's stock was trading at C$68.32 at the beginning of 2023. Since then, TOU shares have decreased by 2.0% and is now trading at C$66.98.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our TOU earnings forecast.

Tourmaline Oil Corp. (TSE:TOU) announced its earnings results on Wednesday, August, 2nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.21 by $0.28. The firm earned $1.41 billion during the quarter. Tourmaline Oil had a net margin of 51.66% and a trailing twelve-month return on equity of 22.70%.

Tourmaline Oil declared a quarterly dividend on Friday, September 1st. Investors of record on Friday, September 15th will be given a dividend of 0.26 per share on Friday, September 29th. This represents a $1.04 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for TOU.

Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.04 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 12.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOU.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tourmaline Oil investors own include Intact Financial (IFC), Constellation Software (CSU), Peyto Exploration & Development (PEY), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Vermilion Energy (VET), Toronto-Dominion Bank (TD), AbbVie (ABBV), Agnico Eagle Mines (AEM) and Enbridge (ENB).

Tourmaline Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TOU."

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.
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One share of TOU stock can currently be purchased for approximately C$66.98.

Tourmaline Oil (TSE:TOU) has a market capitalization of C$22.76 billion and generates C$5.48 billion in revenue each year. The company earns C$2.83 billion in net income (profit) each year or C$8.22 on an earnings per share basis.

The company employs 360 workers across the globe.

Tourmaline Oil's mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. The official website for the company is www.tourmalineoil.com. The company can be reached via phone at +1-403-7673587.