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New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

Tourmaline Oil Stock Price, News & Analysis (TSE:TOU)

C$65.51
-0.17 (-0.26%)
(As of 12/1/2023 ET)
Compare
Today's Range
C$65.18
C$66.13
50-Day Range
C$65.33
C$73.57
52-Week Range
C$52.34
C$81.21
Volume
1.14 million shs
Average Volume
2.61 million shs
Market Capitalization
C$22.32 billion
P/E Ratio
22.59
Dividend Yield
1.59%
Price Target
C$84.71

Tourmaline Oil MarketRank™ Stock Analysis

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
29.3% Upside
C$84.71 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Tourmaline Oil in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$169,650 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 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

Tourmaline Oil Taps Earl McKinnon as Operating Chief
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Tourmaline Oil strikes Bonavista takeover and hikes dividend
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
RBC Capital Sticks to Its Buy Rating for Tourmaline Oil (TOU)
Tourmaline Oil (TOU) Received its Third Buy in a Row
Tourmaline Oil (TOU) Gets a Buy Rating from RBC Capital
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Ex-Dividend for 11/1 Dividend
10/23/2023
Last Earnings
11/01/2023
Dividend Payable
11/01/2023
Today
12/03/2023
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$84.71
High Stock Price Target
C$112.00
Low Stock Price Target
C$75.00
Potential Upside/Downside
+29.3%
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$0.23 per share
Book Value
C$38.30 per share

Miscellaneous

Free Float
N/A
Market Cap
C$22.32 billion
Optionable
Not Optionable
Beta
1.52
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Key Executives

  • Mr. Michael L. Rose P.Geol (Age 65)
    Chairman of the Board, President & CEO
    Comp: $4.67M
  • Mr. Brian G. Robinson (Age 66)
    VP of Finance, CFO & Non-Independent Director
    Comp: $2.25M
  • Ms. Sherra Aspin
    Vice President of Marketing
  • Mr. Colin Joel Frostad
    Vice President of Exploration
  • Mr. Allan Joseph Bush
    Chief Operating Officer
  • Mr. William Scott Kirker
    Chief Legal Officer & External Affairs
  • Ms. Sarah Tait
    Controller
  • Ms. Katie Beck
    Corporate Secretary & Associate General Counsel

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 Tuesday, November 28, 2023 at 1:32 PM.

Pros

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

  • Tourmaline Oil Corp. recently announced a $70 million joint development agreement with Clean Energy to build CNG stations in Western Canada. This partnership could open up new opportunities for the company in the growing market for compressed natural gas.
  • Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin, which is known for its rich reserves. This provides the company with a strong resource base for future production.
  • The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. These diverse assets provide Tourmaline Oil Corp. with exposure to multiple resource plays, reducing risk and increasing potential for growth.
  • Tourmaline Oil Corp. is headquartered in Calgary, Canada, which is a major hub for the oil and gas industry. This strategic location allows the company to access key infrastructure and expertise in the region.
  • The company was incorporated in 2008, indicating a relatively young and dynamic organization. This may suggest a focus on innovation and adaptability in a rapidly changing industry.

Cons

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

  • The oil and gas industry is subject to price volatility, which can impact the profitability of companies like Tourmaline Oil Corp. Fluctuations in commodity prices could affect the company's revenue and earnings.
  • Environmental concerns and regulations surrounding the oil and gas industry could pose challenges for Tourmaline Oil Corp. as the demand for cleaner energy sources continues to grow. This may require the company to invest in technologies and practices to reduce its environmental footprint.
  • Tourmaline Oil Corp. operates in a highly competitive market, with many other companies vying for the same resources and market share. This could limit the company's ability to differentiate itself and maintain profitability.
  • The company's stock price is subject to market conditions and investor sentiment. It is important for investors to carefully consider the current stock price and market trends before making investment decisions.
  • Tourmaline Oil Corp. is primarily focused on the Western Canadian Sedimentary Basin, which exposes the company to regional risks such as changes in government policies, regulatory frameworks, and infrastructure limitations.














TOU Stock Analysis - Frequently Asked Questions

Should I buy or sell Tourmaline Oil stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last year. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 equities research analysts have issued 1-year price objectives for Tourmaline Oil's shares. Their TOU share price targets range from C$75.00 to C$112.00. On average, they expect the company's share price to reach C$84.71 in the next twelve months. This suggests a possible upside of 29.3% 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 2023?

Tourmaline Oil's stock was trading at C$68.32 at the start of the year. Since then, TOU stock has decreased by 4.1% and is now trading at C$65.51.
View the best growth stocks for 2023 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 were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) released its quarterly earnings data on Wednesday, November, 1st. The company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by $0.67. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.46 billion. Tourmaline Oil had a net margin of 19.10% and a trailing twelve-month return on equity of 7.30%.

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

Tourmaline Oil announced a None dividend on Monday, October 16th. Stockholders of record on Tuesday, October 24th will be paid a dividend of 1.00 per share on Wednesday, November 1st. The ex-dividend date is Monday, October 23rd.
Read our dividend analysis for TOU
.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.04 per share and currently has a dividend yield of 1.56%. The dividend payout ratio is 35.86%. 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 12/3/2023 by MarketBeat.com Staff

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