S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Shift in war's front seen as ships cleared to leave Ukraine
Dems' climate, energy, tax bill clears initial Senate hurdle
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Shift in war's front seen as ships cleared to leave Ukraine
Dems' climate, energy, tax bill clears initial Senate hurdle
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Shift in war's front seen as ships cleared to leave Ukraine
Dems' climate, energy, tax bill clears initial Senate hurdle
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Shift in war's front seen as ships cleared to leave Ukraine
Dems' climate, energy, tax bill clears initial Senate hurdle
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
TSE:TOU

Tourmaline Oil (TOU) Stock Forecast, Price & News

C$72.71
+0.07 (+0.10%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
C$71.09
C$74.50
50-Day Range
C$61.40
C$80.23
52-Week Range
C$29.25
C$80.67
Volume
3.79 million shs
Average Volume
1.88 million shs
Market Capitalization
C$24.43 billion
P/E Ratio
10.54
Dividend Yield
1.19%
Price Target
C$78.12

Tourmaline Oil MarketRank™ Forecast

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
7.4% Upside
C$78.12 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Tourmaline Oil in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
C$2.94 M 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.

2.01 out of 5 stars

Tourmaline Oil logo

About Tourmaline Oil (TSE:TOU) Stock

Tourmaline Oil Corp. acquires, explores for, develops, and produces 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.

Tourmaline Oil Stock Performance

TOU traded up C$0.07 on Friday, hitting C$72.71. The company's stock had a trading volume of 3,786,713 shares, compared to its average volume of 1,876,085. The company's 50 day simple moving average is C$71.19 and its 200-day simple moving average is C$61.97. The firm has a market cap of C$24.43 billion and a P/E ratio of 10.54. Tourmaline Oil has a 12 month low of C$29.25 and a 12 month high of C$80.67. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 3.99.

Tourmaline Oil (TSE:TOU - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported C$2.40 EPS for the quarter, missing the consensus estimate of C$2.83 by C($0.43). The company had revenue of C$1.82 billion for the quarter. Analysts forecast that Tourmaline Oil will post 10.8300001 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 30th were issued a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This is an increase from Tourmaline Oil's previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 1.24%. Tourmaline Oil's dividend payout ratio (DPR) is 13.04%.

Wall Street Analyst Weigh In

Several research firms have commented on TOU. ATB Capital increased their price objective on shares of Tourmaline Oil from C$85.00 to C$90.00 in a research note on Friday, July 29th. Cormark increased their price objective on shares of Tourmaline Oil from C$70.00 to C$85.00 and gave the company a "buy" rating in a research note on Monday, April 18th. Stifel Nicolaus increased their price objective on shares of Tourmaline Oil from C$90.50 to C$96.50 in a research note on Monday, July 4th. Raymond James increased their price objective on shares of Tourmaline Oil from C$85.00 to C$90.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 5th. Finally, CIBC reduced their target price on shares of Tourmaline Oil from C$90.00 to C$85.00 in a research report on Wednesday, July 13th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tourmaline Oil has an average rating of "Buy" and an average target price of C$75.93.

Insider Buying and Selling

In other news, Senior Officer Mike Rose purchased 5,000 shares of the business's stock in a transaction on Thursday, May 12th. The stock was purchased at an average cost of C$66.48 per share, with a total value of C$332,414.50. Following the acquisition, the insider now directly owns 8,769,973 shares in the company, valued at C$583,053,237.96. In other news, Director Janet Weiss purchased 425 shares of the business's stock in a transaction on Thursday, June 23rd. The stock was purchased at an average cost of C$61.61 per share, with a total value of C$26,182.98. Following the acquisition, the director now directly owns 8,969 shares in the company, valued at C$552,553.18. Also, Senior Officer Mike Rose purchased 5,000 shares of the business's stock in a transaction on Thursday, May 12th. The stock was purchased at an average cost of C$66.48 per share, with a total value of C$332,414.50. Following the completion of the acquisition, the insider now owns 8,769,973 shares in the company, valued at C$583,053,237.96. In the last ninety days, insiders acquired 41,825 shares of company stock valued at $2,944,884.

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TOU Stock News Headlines

TSX Continues Hot Streak
Tourmaline Oil Corp stock eased on Tuesday.
Tourmaline Oil Corp stock boosted on Monday.
CIBC Trims Tourmaline Oil (TSE:TOU) Target Price to C$85.00
Tourmaline Oil Corp stock shrank on Tuesday.
1 Top TSX Energy Stocks for Summer 2022
Tourmaline Oil Corp stock eased on Wednesday.
Why Tourmaline Oil Stock Still Looks Strong
Tourmaline Oil Corp stock gained on Tuesday.
See More Headlines

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TOU Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/07/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
322
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$78.12
High Stock Price Forecast
C$106.00
Low Stock Price Forecast
C$45.00
Forecasted Upside/Downside
+7.4%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$6.82 billion
Cash Flow
C$0.93 per share
Book Value
C$35.06 per share

Miscellaneous

Free Float
N/A
Market Cap
C$24.43 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Michael L. Rose P.Geol (Age 64)
    Chairman, Pres & CEO
    Comp: $5.16M
  • Mr. Brian G. Robinson (Age 65)
    VP of Fin., CFO & Non-Independent Director
    Comp: $2.25M
  • Mr. Allan Joseph Bush
    Chief Operating Officer
  • Ms. Sherra Aspin
    VP of Marketing
  • Mr. William Scott Kirker
    Chief Legal Officer & External Affairs
  • Mr. Colin Joel Frostad
    VP of Exploration
  • Ms. Sarah Tait
    Controller
  • Ms. Katie Beck
    Corp. Sec. & Associate Gen. Counsel













TOU Stock - Frequently Asked Questions

Should I buy or sell Tourmaline Oil stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tourmaline Oil stock.
View analyst ratings for Tourmaline Oil
or view top-rated stocks.

What is Tourmaline Oil's stock price forecast for 2022?

11 brokerages have issued 1-year price targets for Tourmaline Oil's stock. Their TOU stock forecasts range from C$45.00 to C$106.00. On average, they expect Tourmaline Oil's stock price to reach C$78.12 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts' price targets for Tourmaline Oil
or view top-rated stocks among Wall Street analysts.

How has Tourmaline Oil's stock performed in 2022?

Tourmaline Oil's stock was trading at C$40.84 on January 1st, 2022. Since then, TOU stock has increased by 78.0% and is now trading at C$72.71.
View the best growth stocks for 2022 here
.

When is Tourmaline Oil's next earnings date?

Tourmaline Oil is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for Tourmaline Oil
.

How were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) issued its quarterly earnings data on Wednesday, July, 27th. The company reported $2.40 EPS for the quarter, missing analysts' consensus estimates of $2.83 by $0.43. The company had revenue of $1.82 billion for the quarter.

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

Tourmaline Oil announced a quarterly dividend on Tuesday, June 14th. Stockholders of record on Thursday, June 30th will be given a dividend of 0.225 per share on Thursday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, June 14th. This is an increase from Tourmaline Oil's previous quarterly dividend of C$0.20.
View Tourmaline Oil's dividend history
.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil(TSE:TOU) pays an annual dividend of C$0.90 per share and currently has a dividend yield of 1.19%. The dividend payout ratio of Tourmaline Oil is 13.04%. This payout ratio is at a healthy, sustainable level, below 75%.
View Tourmaline Oil's dividend history.

What other stocks do shareholders of Tourmaline Oil own?

What is Tourmaline Oil's stock symbol?

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

How do I buy shares of Tourmaline Oil?

Shares of TOU 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.

What is Tourmaline Oil's stock price today?

One share of TOU stock can currently be purchased for approximately C$72.71.

How much money does Tourmaline Oil make?

Tourmaline Oil (TSE:TOU) has a market capitalization of C$24.43 billion and generates C$6.82 billion in revenue each year.

How many employees does Tourmaline Oil have?

Tourmaline Oil employs 322 workers across the globe.

How can I contact Tourmaline Oil?

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

This page (TSE:TOU) was last updated on 8/7/2022 by MarketBeat.com Staff

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