TSE:TOU

Tourmaline Oil - TOU Stock Forecast, Price & News

C$74.43

-3.39 (-4.36%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: C$74.29
▼
C$78.37
50-Day Range: C$68.95
▼
C$82.27
52-Week Range: C$38.10
▼
C$84.33

Volume: 2.90 million shs
Average Volume: 2.02 million shs
Market Capitalization: C$25.16 billion

P/E Ratio: 4.57
Dividend Yield: 1.29%
Price Target: C$91.55

Tourmaline Oil MarketRank™ Forecast

Analyst Rating: Buy
3.20 Rating Score
Upside/Downside: 23.0% Upside
C$91.55 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
C$762,297 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.

2.12 out of 5 stars

2.6

Analyst's Opinion

Consensus Rating
Tourmaline Oil has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$91.55, Tourmaline Oil has a forecasted upside of 23.0% from its current price of C$74.43.
Amount of Analyst Coverage
Tourmaline Oil has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TOU.

1.7

Dividend Strength

Dividend Yield
Tourmaline Oil pays a meaningful dividend of 1.29%, 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 5.10%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TOU.

3.3

News and Social Media Coverage

News Sentiment
Tourmaline Oil has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Tourmaline Oil this week, compared to 2 articles on an average week.
Search Interest
Only 17 people have searched for TOU on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
11 people have added Tourmaline Oil to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tourmaline Oil insiders have bought 177.13% more of their company's stock than they have sold. Specifically, they have bought C$762,297.00 in company stock and sold C$275,066.00 in company stock.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tourmaline Oil is 4.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tourmaline Oil is 4.57, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.74.
Price to Earnings Growth Ratio
Tourmaline Oil has a PEG Ratio of 1.82. 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 1.73. 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

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.

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TOU Stock News Headlines

December 4, 2022 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) Stock Passes Above 200 Day Moving Average of $75.06

December 2, 2022 | seekingalpha.com

Tourmaline Oil: Sit Back, Relax, And Count The Money

November 26, 2022 | msn.com

This Small-Cap Energy Stock Has Risen 773% in 3 Years

November 22, 2022 | fool.ca

2 TSX Energy Stocks to Buy for Fast-Growing Passive Income

November 21, 2022 | msn.com

3 Leading Oil Stocks to Buy in 2022 and Beyond

November 20, 2022 | msn.com

3 Canadian Gems to Buy Amid Rising Interest Rates

November 18, 2022 | fool.ca

These TSX Stocks Have Plenty of Room to Run

November 16, 2022 | finance.yahoo.com

The Chairman of the Board of Tourmaline Oil Corp. (TSE:TOU), Michael Rose, Just Bought A Few More Shares

November 2, 2022 | msn.com

TSX Energy Stocks Have More Going for Them Than Just High Oil Prices

November 2, 2022 | finance.yahoo.com

TOURMALINE DELIVERS STRONG CASH FLOW AND FREE CASH FLOW IN Q3 2022, ANNOUNCES INCREASED BASE DIVIDEND AND DECLARES SPECIAL DIVIDEND

October 29, 2022 | msn.com

3 Growth Stocks I’d Buy With $3,000 in November 2022

October 26, 2022 | theglobeandmail.com

CI launches a new commodities fund - but is this the right time to buy it?

October 22, 2022 | finance.yahoo.com

Tourmaline Oil Corp. (TOU.TO)

October 20, 2022 | msn.com

The TSX Is Down, But These 2 Stocks Are Beating the Market

October 15, 2022 | msn.com

Top TSX Natural Gas Stocks to Buy in October 2022

October 12, 2022 | msn.com

3 Top TSX Stocks to Watch in October 2022

October 6, 2022 | msn.com

Buy Alert: This Energy Stock Is Unstoppable After Strong Results

October 1, 2022 | seekingalpha.com

TRMLF Tourmaline Oil Corp.

September 30, 2022 | nasdaq.com

EQT vs. TOU: Which Energy Stock is the Better Buy?

September 18, 2022 | fool.ca

3 TSX Energy Stocks to Buy for Fast-Growing Passive Income

September 14, 2022 | money.usnews.com

Explainer-Why Western Canada Has Some of the Cheapest Natural Gas in the World

September 12, 2022 | theglobeandmail.com

Tourmaline cuts third-quarter gas production due to weak pricing in western Canada

September 12, 2022 | markets.businessinsider.com

TSX Extends Gains To 4th Straight Session, Rises More Than 1%

September 12, 2022 | finance.yahoo.com

TOURMALINE INCREASES 2023 CASH FLOW GUIDANCE AND PROVIDES A PRODUCTION AND MARKETING UPDATE

September 5, 2022 | msn.com

2 Energy Stocks to Buy to Invest in Commodities

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TOU Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2022
Dividend Payable: 9/29/2022
Today: 12/07/2022
Ex-Dividend for 12/30 Dividend: 12/14/2022
Dividend Payable: 12/30/2022
Next Earnings (Estimated): 3/01/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E & P
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: TSE:TOU
CUSIP: N/A
CIK: N/A
Web: www.tourmalineoil.com
Phone: +1-403-7673587
Fax: N/A
Employees: 322
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$91.55
High Stock Price Forecast: C$117.00
Low Stock Price Forecast: C$56.00
Forecasted Upside/Downside: +23.0%
Consensus Rating: Buy
Rating Score (0-4): 3.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.57
Forward P/E Ratio: 6.14
P/E Growth: 1.82
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 3.16
Current Ratio: 1.28
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: C$6.99 billion
Price / Sales: 3.60
Cash Flow: C$0.25 per share
Price / Cash Flow: 300.04
Book Value: C$42.97 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 338,017,000
Free Float: N/A
Market Cap: C$25.16 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TOU Stock - Frequently Asked Questions

Should I buy or sell Tourmaline Oil stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 2023?: 5 brokerages have issued 12 month price objectives for Tourmaline Oil's shares. Their TOU share price forecasts range from C$56.00 to C$117.00. On average, they anticipate the company's stock price to reach C$91.55 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts price targets for TOU or view top-rated stocks among Wall Street analysts.
How have TOU shares performed in 2022?: Tourmaline Oil's stock was trading at C$40.84 at the beginning of the year. Since then, TOU stock has increased by 82.2% and is now trading at C$74.43.
View the best growth stocks for 2022 here.
When is Tourmaline Oil's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our TOU earnings forecast.
How often does Tourmaline Oil pay dividends? What is the dividend yield for Tourmaline Oil?: Tourmaline Oil declared a quarterly dividend on Wednesday, December 14th. Shareholders of record on Friday, December 30th will be paid a dividend of 0.25 per share on Friday, December 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Wednesday, December 14th. This is a positive change from the stock's previous quarterly dividend of C$0.23.
Read our dividend analysis for TOU.
Is Tourmaline Oil a good dividend stock?: Tourmaline Oil (TSE:TOU) pays an annual dividend of C$0.83 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 5.10%. 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?: 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), 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 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$74.43.
How much money does Tourmaline Oil make?: Tourmaline Oil (TSE:TOU) has a market capitalization of C$25.16 billion and generates C$6.99 billion in revenue each year.
How many employees does Tourmaline Oil have?: The company 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 12/7/2022 by MarketBeat.com Staff

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Tourmaline Oil - TOU Stock Forecast, Price & News

Tourmaline Oil MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tourmaline Oil (TSE:TOU) Stock

TOU Stock News Headlines

TOU Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TOU Stock - Frequently Asked Questions

Overall MarketRank^™