TSE:TOU

Tourmaline Oil Stock Forecast, Price & News

C$34.22

+0.16 (+0.47 %)

(As of 08/3/2021 12:00 AM ET)

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Today's Range

C$33.44

▼

C$34.59

50-Day Range

C$28.86

▼

C$36.14

52-Week Range

C$13.91

▼

C$36.18

Volume1.88 million shs

Average Volume1.37 million shs

Market CapitalizationC$10.23 billion

P/E Ratio7.53

Dividend Yield1.88%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Tourmaline Oil

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 (TSE:TOU) Sets New 1-Year High at $34.59
August 3, 2021 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) PT Raised to C$44.50
July 30, 2021 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) Given New C$50.00 Price Target at Cormark
July 30, 2021 | americanbankingnews.com

3 TSX Energy Stocks That Doubled in 2021: Should You Buy?
July 30, 2021 | ca.finance.yahoo.com

Why Tourmaline is dazzling, even though Canadian energy is still so beaten down
July 30, 2021 | theglobeandmail.com

Tourmaline Oil's (TOU) Outperform Rating Reiterated at CIBC
July 29, 2021 | americanbankingnews.com

Royal Bank of Canada Reaffirms "Outperform" Rating for Tourmaline Oil (TSE:TOU)
July 29, 2021 | americanbankingnews.com

BRIEF-Tourmaline's Second Quarter 2021 Delivers Record Free Cash Flow
July 28, 2021 | msn.com

Tourmaline Oil (TSE:TOU) Shares Cross Above 200-Day Moving Average of $0.00
July 24, 2021 | americanbankingnews.com

3 TSX Stocks That Could Rally on Solid Q2 Earnings Next Week
July 22, 2021 | ca.finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Oil & Gas E&P
Sub-IndustryN/A
SectorEnergy
Current SymbolTSE:TOU
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.tourmalineoil.com
Phone+1-403-7673587
Employees296
Year FoundedN/A

Sales & Book Value

Annual SalesC$3.21 billion
Price / Sales3.19
Cash FlowC$0.24 per share
Price / Cash Flow144.27
Book ValueC$31.92 per share
Price / Book1.07

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares298,868,000
Market CapC$10.23 billion
Next Earnings Date11/3/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

2.79 out of 5 stars

4.6 Analyst's Opinion

Consensus Rating
Tourmaline 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/Downside
According to analysts' consensus price target of C$44.31, Tourmaline Oil has a forecasted upside of 29.5% from its current price of C$34.22.
Amount of Analyst Coverage
Tourmaline Oil has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.8 Community Rank

Outperform Votes
Tourmaline Oil has received 747 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Tourmaline Oil has received 278 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Tourmaline Oil has received 72.88% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Tourmaline Oil and other stocks. Vote “Outperform” if you believe TOU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TOU will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Tourmaline Oil pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tourmaline Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tourmaline Oil is 12.76%. This payout ratio is at a healthy, sustainable level, below 75%.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tourmaline Oil insiders have sold 1,190.79% more of their company's stock than they have bought. Specifically, they have bought C$161,242.00 in company stock and sold C$2,081,288.00 in company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tourmaline Oil is 7.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tourmaline Oil is 7.53, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 29.90.
Price to Earnings Growth Ratio
Tourmaline Oil has a PEG Ratio of 1.29. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tourmaline Oil has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Tourmaline Oil (TSE:TOU) Frequently Asked Questions

Is Tourmaline Oil a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. There are currently 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Tourmaline Oil stock.
View analyst ratings for Tourmaline Oil or view top-rated stocks.

What stocks does MarketBeat like better than Tourmaline Oil?

Wall Street analysts have given Tourmaline Oil a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tourmaline Oil wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Tourmaline Oil's next earnings date?

Tourmaline Oil is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Tourmaline Oil.

How were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) released its earnings results on Wednesday, May, 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.03. The firm earned $950.59 million during the quarter.
View Tourmaline Oil's earnings history.

How has Tourmaline Oil's stock been impacted by Coronavirus?

Tourmaline Oil's stock was trading at C$9.63 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TOU stock has increased by 255.3% and is now trading at C$34.22.
View which stocks have been most impacted by COVID-19.

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

Tourmaline Oil announced a quarterly dividend on Monday, June 14th. Shareholders of record on Wednesday, June 30th will be paid a dividend of 0.16 per share on Wednesday, June 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, June 14th.
View Tourmaline Oil's dividend history.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil pays an annual dividend of C$0.58 per share and currently has a dividend yield of 1.88%. The dividend payout ratio of Tourmaline Oil is 12.76%. This payout ratio is at a healthy, sustainable level, below 75%.
View Tourmaline Oil's dividend history.

What price target have analysts set for TOU?

10 analysts have issued 12 month target prices for Tourmaline Oil's shares. Their forecasts range from C$36.00 to C$57.00. On average, they anticipate Tourmaline Oil's share price to reach C$44.31 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price.
View analysts' price targets for Tourmaline Oil or view top-rated stocks among Wall Street analysts.

Who are Tourmaline Oil's key executives?

Tourmaline Oil's management team includes the following people:

Mr. Michael L. Rose, Chairman, Pres & CEO (Age 63, Pay $4.41M)
Mr. Brian G. Robinson, VP of Fin., CFO & Non-Independent Director (Age 64, Pay $1.73M)
Mr. Allan Joseph Bush, Chief Operating Officer
Mr. Colin Joel Frostad, VP of Exploration
Mr. William Scott Kirker, Gen. Counsel
Ms. Sherra Aspin, VP of Marketing
Ms. Sarah Tait, Controller
Ms. Katie Beck, Corp. Sec. & Associate Gen. Counsel

Who are some of Tourmaline Oil's key competitors?

Some companies that are related to Tourmaline Oil include Ovintiv (OVV), Whitecap Resources (WCP), Seven Generations Energy (VII), Reconnaissance Energy Africa (RECO), Raging River Exploration (RRX), Baytex Energy (BTE), Peyto Exploration & Development (PEY), Energean (ENOG), (SPE.TO) (SPE), Freehold Royalties (FRU), Tamarack Valley Energy (TVE), Cairn Energy (CRNCD), International Petroleum (IPCO), Advantage Energy (AAV) and Diversified Energy (DEC).
View all of TOU's competitors.

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), The 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 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$34.22.

How much money does Tourmaline Oil make?

Tourmaline Oil has a market capitalization of C$10.23 billion and generates C$3.21 billion in revenue each year.

How many employees does Tourmaline Oil have?

Tourmaline Oil employs 296 workers across the globe.

What is Tourmaline Oil's official website?

The official website for Tourmaline Oil is www.tourmalineoil.com.

Where are Tourmaline Oil's headquarters?

Tourmaline Oil is headquartered at 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada.

How can I contact Tourmaline Oil?

Tourmaline Oil'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.

This page was last updated on 8/3/2021 by MarketBeat.com Staff

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