S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Most profitable less than $5 stock in the world? (Ad)pixel
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Most profitable less than $5 stock in the world? (Ad)pixel
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Most profitable less than $5 stock in the world? (Ad)pixel
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Most profitable less than $5 stock in the world? (Ad)pixel
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Bargain in Today's Market (SHOCKING) (Ad)pixel
TSE:TOU

Tourmaline Oil - TOU Stock Forecast, Price & News

C$73.66
+0.95 (+1.31%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
C$71.08
C$73.99
50-Day Range
C$61.40
C$80.23
52-Week Range
C$29.25
C$80.67
Volume
3.26 million shs
Average Volume
1.89 million shs
Market Capitalization
C$24.75 billion
P/E Ratio
10.68
Dividend Yield
1.24%
Price Target
C$78.12

Tourmaline Oil MarketRank™ Forecast

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
6.0% Upside
C$78.12 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.59mentions of Tourmaline Oil in the last 14 days
Based on 10 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.

2.08 out of 5 stars

TOU stock 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 Trading Up 1.3 %

TSE:TOU traded up C$0.95 on Monday, hitting C$73.66. 3,255,947 shares of the stock were exchanged, compared to its average volume of 1,885,498. The stock has a market cap of C$24.75 billion and a PE ratio of 10.68. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 3.99. The stock has a fifty day moving average of C$71.07 and a 200-day moving average of C$62.27. Tourmaline Oil has a fifty-two week low of C$29.25 and a fifty-two week high of C$80.67.

Tourmaline Oil (TSE:TOU - Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported C$2.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$2.83 by C($0.43). The firm had revenue of C$1.82 billion during the quarter. As a group, equities analysts expect that Tourmaline Oil will post 10.8300001 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 30th were paid a $0.225 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Tourmaline Oil's previous quarterly dividend of $0.20. Tourmaline Oil's dividend payout ratio (DPR) is 11.23%.

Analyst Ratings Changes

Several analysts have recently issued reports on TOU shares. Raymond James upped their price objective on Tourmaline Oil from C$85.00 to C$90.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 5th. CIBC dropped their target price on Tourmaline Oil from C$90.00 to C$85.00 in a research note on Wednesday, July 13th. TD Securities upgraded Tourmaline Oil from a "hold" rating to a "buy" rating and upped their target price for the company from C$80.00 to C$96.00 in a research note on Thursday, June 30th. BMO Capital Markets upped their target price on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Thursday, May 5th. Finally, ATB Capital upped their target price on Tourmaline Oil from C$85.00 to C$90.00 in a research note on Friday, July 29th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$75.93.

Insider Activity

In related news, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of C$72.05 per share, for a total transaction of C$360,267.00. Following the completion of the purchase, the insider now owns 8,854,974 shares in the company, valued at C$638,030,983.61. In other Tourmaline Oil news, Director Jill Terilee Angevine purchased 1,400 shares of Tourmaline Oil stock in a transaction that occurred on Monday, July 11th. The stock was purchased at an average price of C$65.72 per share, with a total value of C$92,005.06. Following the completion of the acquisition, the director now owns 44,500 shares of the company's stock, valued at approximately C$2,924,446.55. Also, Senior Officer Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of C$72.05 per share, with a total value of C$360,267.00. Following the acquisition, the insider now directly owns 8,854,974 shares of the company's stock, valued at approximately C$638,030,983.61. Over the last quarter, insiders purchased 31,825 shares of company stock worth $2,246,884.

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.

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
See 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.

TOU Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/08/2022
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
+6.0%
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$0.94 per share
Book Value
C$35.06 per share

Miscellaneous

Free Float
N/A
Market Cap
C$24.75 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 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 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 2022?

11 brokerages have issued 12 month price objectives for Tourmaline Oil's stock. Their TOU share price forecasts range from C$45.00 to C$106.00. On average, they predict the company's share price to reach C$78.12 in the next year. This suggests a possible upside of 6.0% from the stock's current price.
View analysts price targets for TOU
or view top-rated stocks among Wall Street analysts.

How has Tourmaline Oil's stock price performed in 2022?

Tourmaline Oil's stock was trading at C$40.84 at the start of the year. Since then, TOU shares have increased by 80.4% and is now trading at C$73.66.
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 TOU earnings forecast
.

How were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) announced its earnings results on Wednesday, July, 27th. The company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by $0.43. The business 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. Shareholders 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 1.22%. The ex-dividend date is Tuesday, June 14th. This is a boost from the stock's previous quarterly dividend of C$0.20.
Read our dividend analysis for TOU
.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil (TSE:TOU) pays an annual dividend of C$0.78 per share and currently has a dividend yield of 1.24%. The dividend payout ratio is 11.23%. 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?

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$73.66.

How much money does Tourmaline Oil make?

Tourmaline Oil (TSE:TOU) has a market capitalization of C$24.75 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 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 8/9/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.