Tourmaline Oil Corp. (TSE:TOU) Given Average Rating of “Moderate Buy” by Analysts

Tourmaline Oil Corp. (TSE:TOU) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$78.38.

Several analysts have recently commented on TOU shares. Canaccord Genuity Group raised their target price on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Desjardins upped their target price on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Scotiabank raised their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. UBS Group upgraded shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, June 20th. Finally, Jefferies Financial Group lowered their price target on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating on the stock in a report on Monday, September 16th.

Insiders Place Their Bets

In other news, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of C$60.56 per share, for a total transaction of C$302,778.50. In other Tourmaline Oil news, Director Jill Terilee Angevine purchased 2,500 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average cost of C$59.85 per share, with a total value of C$149,625.00. Also, Senior Officer Mike Rose purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of C$60.56 per share, with a total value of C$302,778.50. Insiders purchased 31,800 shares of company stock valued at $1,915,381 over the last 90 days. 5.41% of the stock is currently owned by company insiders.

Tourmaline Oil Trading Up 4.0 %

Tourmaline Oil stock opened at C$61.41 on Friday. The firm has a market cap of C$21.64 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Tourmaline Oil has a 1 year low of C$53.45 and a 1 year high of C$74.21. The firm’s 50 day moving average price is C$60.07 and its two-hundred day moving average price is C$62.82. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11.

Tourmaline Oil (TSE:TOU) last announced its earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. On average, research analysts predict that Tourmaline Oil will post 6.5144766 EPS for the current fiscal year.

Tourmaline Oil Cuts Dividend

The business also recently announced a None dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 2.26%. Tourmaline Oil’s dividend payout ratio (DPR) is currently 33.18%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.