Tourmaline Oil - TOU Stock Forecast, Price & News

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.