Tourmaline Oil Corp. (TOU.TO) Stock Forecast, Price & News

Tourmaline Oil Corp. (TOU.TO)'s stock was trading at C$9.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOU shares have increased by 118.6% and is now trading at C$21.05.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil Corp. (TOU.TO) in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Tourmaline Oil Corp. (TOU.TO) stock.
View analyst ratings for Tourmaline Oil Corp. (TOU.TO) or view MarketBeat's top 5 stock picks.

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Tourmaline Oil Corp. (TOU.TO) is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for Tourmaline Oil Corp. (TOU.TO).

Tourmaline Oil Corp. (TOU.TO) (TSE:TOU) posted its earnings results on Wednesday, November, 4th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.10. The firm had revenue of $518.06 million for the quarter.
View Tourmaline Oil Corp. (TOU.TO)'s earnings history.

Tourmaline Oil Corp. (TOU.TO) announced a quarterly dividend on Monday, December 14th. Stockholders of record on Thursday, December 31st will be given a dividend of 0.14 per share on Thursday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Monday, December 14th. This is an increase from Tourmaline Oil Corp. (TOU.TO)'s previous quarterly dividend of C$0.12.
View Tourmaline Oil Corp. (TOU.TO)'s dividend history.

Tourmaline Oil Corp. (TOU.TO) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 2.67%. The dividend payout ratio of Tourmaline Oil Corp. (TOU.TO) is 258.06%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Tourmaline Oil Corp. (TOU.TO)'s dividend history.

6 brokers have issued 12-month price objectives for Tourmaline Oil Corp. (TOU.TO)'s stock. Their forecasts range from C$22.00 to C$32.50. On average, they expect Tourmaline Oil Corp. (TOU.TO)'s share price to reach C$26.15 in the next year. This suggests a possible upside of 24.2% from the stock's current price.
View analysts' price targets for Tourmaline Oil Corp. (TOU.TO) or view Wall Street analyst' top-rated stocks.

Some companies that are related to Tourmaline Oil Corp. (TOU.TO) include Return Energy (RTN), Ovintiv Inc. (OVV.TO) (OVV), Zargon Oil & Gas Ltd. (ZAR.TO) (ZAR), Whitecap Resources Inc. (WCP.TO) (WCP), Seven Generations Energy Ltd. (VII.TO) (VII), Energean plc (ENOG.L) (ENOG), Raging River Exploration (RRX), Whiting Petroleum (WLL), Kosmos Energy Ltd. (KOS.L) (KOS), Diversified Gas & Oil PLC (DGOC.L) (DGOC), Freehold Royalties Ltd. (FRU.TO) (FRU), Peyto Exploration & Development Corp. (PEY.TO) (PEY), Canacol Energy Ltd (CNE.TO) (CNE), TORC Oil & Gas Ltd. (TOG.TO) (TOG) and Touchstone Exploration Inc. (TXP.TO) (TXP).
View all of TOU's competitors.

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

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

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.

One share of TOU stock can currently be purchased for approximately C$21.05.

Tourmaline Oil Corp. (TOU.TO) has a market capitalization of C$5.73 billion and generates C$2.13 billion in revenue each year. Tourmaline Oil Corp. (TOU.TO) employs 243 workers across the globe.

The official website for Tourmaline Oil Corp. (TOU.TO) is www.tourmalineoil.com.

Tourmaline Oil Corp. (TOU.TO)'s mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. The company can be reached via phone at +1-403-7673587.