TSE:TOU Tourmaline Oil (TOU) Stock Forecast, Price & News C$66.98 +0.31 (+0.46%) (As of 09/22/2023 ET) Add Compare Share Share Today's RangeC$66.69▼C$67.7050-Day RangeC$65.07▼C$70.9352-Week RangeC$52.34▼C$84.10Volume1.71 million shsAverage Volume2.78 million shsMarket CapitalizationC$22.76 billionP/E Ratio8.15Dividend Yield1.55%Price TargetC$81.64 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Tourmaline Oil MarketRank™ ForecastAnalyst RatingBuy3.10 Rating ScoreUpside/Downside21.9% UpsideC$81.64 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.63Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.35 out of 5 stars 3.6 Analyst's Opinion Consensus RatingTourmaline Oil has received a consensus rating of Buy. The company's average rating score is 3.10, and is based on 9 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$81.64, Tourmaline Oil has a forecasted upside of 21.9% from its current price of C$66.98.Amount of Analyst CoverageTourmaline Oil has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for TOU. Previous Next 1.7 Dividend Strength Dividend YieldTourmaline Oil pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTourmaline Oil does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tourmaline Oil is 12.65%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TOU. Previous Next 3.1 News and Social Media Coverage News SentimentTourmaline Oil has a news sentiment score of 0.63. 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 is a higher news sentiment than the 0.53 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Tourmaline Oil this week, compared to 2 articles on an average week.Search InterestOnly 2 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 Follows12 people have added Tourmaline Oil to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tourmaline Oil insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.53% of the stock of Tourmaline Oil is held by insiders.Percentage Held by Institutions54.99% of the stock of Tourmaline Oil is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Tourmaline Oil is 8.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Tourmaline Oil is 8.15, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.68.Price to Earnings Growth RatioTourmaline 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 RatioTourmaline Oil has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tourmaline Oil (TSE:TOU) StockTourmaline 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.Read More TOU Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TOU Stock News HeadlinesSeptember 20, 2023 | americanbankingnews.comBrokerages Set Tourmaline Oil Corp. (TSE:TOU) PT at C$81.64September 20, 2023 | americanbankingnews.comTourmaline Oil Corp. (TSE:TOU) Given Consensus Rating of "Buy" by BrokeragesSeptember 24, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 19, 2023 | americanbankingnews.comTourmaline Oil (TSE:TOU) Given New C$79.00 Price Target at DesjardinsSeptember 15, 2023 | finance.yahoo.comIs Tourmaline Oil Corp.'s (TSE:TOU) Latest Stock Performance A Reflection Of Its Financial Health?August 9, 2023 | finance.yahoo.comA Look At The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)August 3, 2023 | msn.comTourmaline Oil: Surging Ahead Amid ChallengesAugust 3, 2023 | financialpost.comTourmaline Oil joins proposed Pacific LNG terminal in major boost to projectSeptember 24, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.August 2, 2023 | finance.yahoo.comTOURMALINE DELIVERS STRONG FREE CASH FLOW AND DECLARES A SPECIAL DIVIDENDJuly 24, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Buy Rating for Tourmaline Oil (TOU)July 14, 2023 | msn.comOil and gas stocks: Which companies are insiders buying?July 13, 2023 | theglobeandmail.comThursday’s Insider Report: Company leaders make trades in Tourmaline Oil, Great-West Lifeco, and Couche-TardJuly 13, 2023 | theglobeandmail.comFor oil and gas stocks, this earnings season will be ‘challenging to say the least’July 10, 2023 | fool.caDividend Riches: Investing in the Canadian Oil PatchJune 30, 2023 | benzinga.comTourmaline Oil Stock (OTC:TRMLF), Analyst Ratings, Price Targets, PredictionsJune 30, 2023 | markets.businessinsider.comTourmaline Oil (TOU) Received its Third Buy in a RowJune 20, 2023 | finanznachrichten.deTourmaline Oil: speculation on a higher natural gas price!June 14, 2023 | markets.businessinsider.comTourmaline Oil (TOU) Gets a Buy Rating from RBC CapitalJune 13, 2023 | msn.comCanada's oil and gas production again at risk from wildfiresJune 10, 2023 | ca.finance.yahoo.com3 Canadian Energy Stocks With Insanely Fast-Growing DividendsJune 8, 2023 | msn.comTUDOR PICKERING & CO. SEC Maintains Tourmaline Oil (TSX:TOU) Buy RecommendationJune 8, 2023 | seekingalpha.comTourmaline Oil raises dividend by 4% to CAD 0.26/shareJune 2, 2023 | markets.businessinsider.comTSX Rises 1.8% On All-round BuyingMay 29, 2023 | msn.comThe Top TSX Energy Stocks to Buy This SummerMay 25, 2023 | msn.comTourmaline Oil Corp Closes Down 1.82%, Underperforms Major IndicesMay 19, 2023 | msn.comTourmaline Oil Corp Outperforms Major Indices on May 19thSee More Headlines Receive TOU Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Email Address TOU Company Calendar Last Earnings8/02/2023Ex-Dividend for 8/22 Dividend8/11/2023Dividend Payable8/22/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/24/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:TOU CUSIPN/A CIKN/A Webwww.tourmalineoil.com Phone+1-403-7673587FaxN/AEmployees360Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$81.64 High Stock Price ForecastC$112.00 Low Stock Price ForecastC$73.00 Forecasted Upside/Downside+21.9%Consensus RatingBuy Rating Score (0-4)3.10 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$8.22 Trailing P/E Ratio8.15 Forward P/E Ratio9.91 P/E Growth1.72Net IncomeC$2.83 billion Net Margins51.66% Pretax MarginN/A Return on Equity22.70% Return on Assets5.54% Debt Debt-to-Equity Ratio4.56 Current Ratio1.22 Quick Ratio0.47 Sales & Book Value Annual SalesC$5.48 billion Price / Sales4.15 Cash FlowC$0.23 per share Price / Cash Flow285.99 Book ValueC$38.73 per share Price / Book1.73Miscellaneous Outstanding Shares339,780,000Free FloatN/AMarket CapC$22.76 billion OptionableNot Optionable Beta1.60 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Michael L. Rose P.Geol (Age 65)Chairman, Pres & CEO Comp: $4.67MMr. Brian G. Robinson (Age 66)VP of Fin., CFO & Non-Independent Director Comp: $2.25MMs. Sherra AspinVP of MarketingMr. Colin Joel FrostadVP of ExplorationMr. Allan Joseph BushChief Operating OfficerMr. William Scott KirkerChief Legal Officer & External AffairsMs. Sarah TaitControllerMs. Katie BeckCorp. Sec. & Associate Gen. CounselMore ExecutivesKey CompetitorsOvintivTSE:OVVARC ResourcesTSE:ARXMEG EnergyTSE:MEGWhitecap ResourcesTSE:WCPPrairieSky RoyaltyTSE:PSKView All CompetitorsInsidersJanet WeissBought 350 shares on 4/17/2023Total: C$15,953.00 ($45.58/share)Mike RoseBought 5,000 shares on 3/13/2023Total: C$278,497.00 ($55.70/share)Mike RoseBought 5,000 shares on 3/7/2023Total: C$293,855.50 ($58.77/share)Mike RoseBought 5,000 shares on 1/25/2023Total: C$313,843.00 ($62.77/share)Jill Terilee AngevineBought 490 shares on 1/25/2023Total: C$30,688.70 ($62.63/share)View All Insider Transactions TOU Stock - Frequently Asked Questions Should I buy or sell Tourmaline Oil stock right now? 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. What is Tourmaline Oil's stock price forecast for 2023? 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. How have TOU shares performed in 2023? 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. 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, November 1st 2023. View our TOU earnings forecast. How were Tourmaline Oil's earnings last quarter? 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%. How often does Tourmaline Oil pay dividends? What is the dividend yield for Tourmaline Oil? 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. 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 1.48%. The dividend payout ratio is 12.65%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for TOU. 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). 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 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. What is Tourmaline Oil's stock price today? One share of TOU stock can currently be purchased for approximately C$66.98. How much money does Tourmaline Oil make? 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. How many employees does Tourmaline Oil have? The company employs 360 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 the company is www.tourmalineoil.com. The company can be reached via phone at +1-403-7673587. This page (TSE:TOU) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tourmaline Oil Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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