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?

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) .

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 .

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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: 0.50
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

4.5

Analyst's Opinion

Consensus Rating
Tourmaline Oil has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$84.71, Tourmaline Oil has a forecasted upside of 29.3% from its current price of C$65.51.
Amount of Analyst Coverage
Tourmaline Oil has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TOU.

1.7

Dividend Strength

Dividend Yield
Tourmaline Oil pays a meaningful dividend of 1.56%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tourmaline Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tourmaline Oil is 35.86%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TOU.

1.9

News and Social Media Coverage

News Sentiment
Tourmaline Oil has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Tourmaline Oil this week, compared to 1 article on an average week.
Search Interest
Only 5 people have searched for TOU on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Tourmaline Oil to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$169,650.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 5.53% of the stock of Tourmaline Oil is held by insiders.
Percentage Held by Institutions
54.99% of the stock of Tourmaline Oil is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tourmaline Oil is 22.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tourmaline Oil is 22.59, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 113.65.
Price to Earnings Growth Ratio
Tourmaline Oil has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tourmaline Oil has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

TOU Stock News Headlines

December 1, 2023 | marketwatch.com

Tourmaline Oil Taps Earl McKinnon as Operating Chief

December 1, 2023 | finance.yahoo.com

TOURMALINE DECLARES QUARTERLY DIVIDEND AND PROVIDES MANAGEMENT UPDATE

December 3, 2023 | DTI Trader (Ad)

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November 25, 2023 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) Share Price Crosses Above 200 Day Moving Average of $66.06

November 2, 2023 | msn.com

Tourmaline Oil reports Q3 earnings; reaffirms FY23 production outlook

October 20, 2023 | financialpost.com

Tourmaline-backed LNG group files for environmental permits

October 16, 2023 | proactiveinvestors.com

Tourmaline Oil strikes Bonavista takeover and hikes dividend

October 4, 2023 | finance.yahoo.com

Institutions own 45% of Tourmaline Oil Corp. (TSE:TOU) shares but individual investors control 49% of the company

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

September 15, 2023 | finance.yahoo.com

Is Tourmaline Oil Corp.'s (TSE:TOU) Latest Stock Performance A Reflection Of Its Financial Health?

August 9, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)

August 3, 2023 | msn.com

Tourmaline Oil: Surging Ahead Amid Challenges

August 3, 2023 | financialpost.com

Tourmaline Oil joins proposed Pacific LNG terminal in major boost to project

August 2, 2023 | finance.yahoo.com

TOURMALINE DELIVERS STRONG FREE CASH FLOW AND DECLARES A SPECIAL DIVIDEND

July 24, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Buy Rating for Tourmaline Oil (TOU)

July 14, 2023 | msn.com

Oil and gas stocks: Which companies are insiders buying?

July 13, 2023 | theglobeandmail.com

Thursday’s Insider Report: Company leaders make trades in Tourmaline Oil, Great-West Lifeco, and Couche-Tard

July 13, 2023 | theglobeandmail.com

For oil and gas stocks, this earnings season will be ‘challenging to say the least’

July 10, 2023 | fool.ca

Dividend Riches: Investing in the Canadian Oil Patch

June 30, 2023 | benzinga.com

Tourmaline Oil Stock (OTC:TRMLF), Analyst Ratings, Price Targets, Predictions

June 30, 2023 | markets.businessinsider.com

Tourmaline Oil (TOU) Received its Third Buy in a Row

June 20, 2023 | finanznachrichten.de

Tourmaline Oil: speculation on a higher natural gas price!

June 14, 2023 | markets.businessinsider.com

Tourmaline Oil (TOU) Gets a Buy Rating from RBC Capital

June 13, 2023 | msn.com

Canada's oil and gas production again at risk from wildfires

June 10, 2023 | ca.finance.yahoo.com

3 Canadian Energy Stocks With Insanely Fast-Growing Dividends

June 8, 2023 | msn.com

TUDOR PICKERING & CO. SEC Maintains Tourmaline Oil (TSX:TOU) Buy Recommendation

June 8, 2023 | seekingalpha.com

Tourmaline Oil raises dividend by 4% to CAD 0.26/share

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:TOU
CUSIP: N/A
CIK: N/A
Web: www.tourmalineoil.com
Phone: +1-403-7673587
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

EPS (Most Recent Fiscal Year): C$2.90
Trailing P/E Ratio: 22.59
Forward P/E Ratio: 9.65
P/E Growth: 1.72
Net Income: C$1.01 billion
Net Margins: 19.10%
Pretax Margin: N/A
Return on Equity: 7.30%
Return on Assets: -3.17%

Debt

Debt-to-Equity Ratio: 3.64
Current Ratio: 0.89
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: C$5.26 billion
Price / Sales: 4.24
Cash Flow: C$0.23 per share
Price / Cash Flow: 285.99
Book Value: C$38.30 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 340,770,000
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Tourmaline Oil MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tourmaline Oil Stock (TSE:TOU)

TOU Stock Price History

TOU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

TOU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™