Tourmaline Oil Corp. (TSE:TOU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Tourmaline Oil Corp. (TSE:TOU) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$77.82.

A number of analysts have recently issued reports on TOU shares. TD Securities decreased their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. CIBC raised their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. Jefferies Financial Group upped their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. UBS Group raised their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Finally, National Bankshares upped their target price on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Tourmaline Oil Stock Performance

Shares of TOU stock opened at C$66.21 on Friday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The firm has a market capitalization of C$24.58 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$70.65. The company has a 50 day moving average price of C$65.70 and a 200 day moving average price of C$63.14.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. Sell-side analysts anticipate that Tourmaline Oil will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Insider Buying and Selling at Tourmaline Oil

In other news, Senior Officer Mike Rose bought 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of C$62.09 per share, for a total transaction of C$155,216.50. Also, Director Jill Terilee Angevine acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of C$66.63 per share, with a total value of C$66,630.00. Insiders have acquired a total of 16,000 shares of company stock valued at $1,040,392 in the last three months. Corporate insiders own 5.13% of the company’s stock.

About Tourmaline Oil

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.