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TSE:TOU

Tourmaline Oil - TOU Stock Forecast, Price & News

C$73.66
+0.95 (+1.31%)
(As of 08/8/2022 05:14 PM 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
3.29 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
0.66mentions 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.

Analyst Upgrades and Downgrades

TOU has been the topic of several recent analyst reports. Scotiabank upped their price objective on shares of Tourmaline Oil from C$98.00 to C$106.00 in a research note on Thursday, July 14th. TD Securities raised shares of Tourmaline Oil from a "hold" rating to a "buy" rating and upped their price objective for the company from C$80.00 to C$96.00 in a research note on Thursday, June 30th. Stifel Nicolaus upped their price objective on shares of Tourmaline Oil from C$90.50 to C$96.50 in a research note on Monday, July 4th. Cormark upped 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. Finally, Raymond James increased their price target on shares of Tourmaline Oil from C$85.00 to C$90.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 5th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tourmaline Oil has a consensus rating of "Buy" and an average target price of C$75.93.

Tourmaline Oil Price Performance

TSE:TOU opened at C$72.71 on Monday. The stock has a market cap of C$24.43 billion and a P/E ratio of 10.54. Tourmaline Oil has a one year low of C$29.25 and a one year high of C$80.67. The company has a fifty day moving average price of C$71.19 and a 200 day moving average price of C$62.07. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.62 and a quick ratio of 0.58.

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

Tourmaline Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 30th were issued a $0.225 dividend. This is a positive change from Tourmaline Oil's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 14th. This represents a $0.90 annualized dividend and a dividend yield of 1.24%. Tourmaline Oil's dividend payout ratio is presently 11.23%.

Insider Transactions at Tourmaline Oil

In other news, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of C$72.05 per share, with a total value of C$360,267.00. Following the acquisition, the insider now owns 8,854,974 shares in the company, valued at C$638,030,983.61. In related news, Senior Officer Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average price of C$72.05 per share, for a total transaction of C$360,267.00. Following the transaction, the insider now directly owns 8,854,974 shares in the company, valued at C$638,030,983.61. Also, Director Janet Weiss purchased 425 shares of Tourmaline Oil stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average price of C$61.61 per share, for a total transaction of C$26,182.98. Following the transaction, the director now owns 8,969 shares in the company, valued at C$552,553.18. In the last quarter, insiders have bought 31,825 shares of company stock valued at $2,246,884.

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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.
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
8/08/2022
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 equities research analysts 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 the company's stock price to reach C$78.12 in the next twelve months. This suggests a possible upside of 5.8% 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 performed in 2022?

Tourmaline Oil's stock was trading at C$40.84 at the beginning of 2022. Since then, TOU shares have increased by 80.8% and is now trading at C$73.83.
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) issued its earnings results on Wednesday, July, 27th. The company reported $2.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by $0.43. The company earned $1.82 billion during the quarter.

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

Tourmaline Oil declared 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 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, June 14th. This is a positive change 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$73.83.

How much money does Tourmaline Oil make?

Tourmaline Oil (TSE:TOU) has a market capitalization of C$24.81 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 8/8/2022 by MarketBeat.com Staff

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