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

Shares of Tourmaline Oil Corp. (TSE:TOU) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$78.20.

A number of equities analysts have recently weighed in on TOU shares. National Bankshares upped their target price on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Desjardins lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$80.00 to C$74.00 in a research note on Wednesday. Cormark raised shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. UBS Group boosted their price target on shares of Tourmaline Oil from C$79.00 to C$80.00 in a report on Thursday, February 13th. Finally, Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th.

Insider Activity

In other Tourmaline Oil news, Senior Officer Mike Rose acquired 2,500 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of C$64.25 per share, for a total transaction of C$160,612.50. Also, Director Jill Terilee Angevine acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of C$66.63 per share, with a total value of C$66,630.00. In the last quarter, insiders have purchased 16,000 shares of company stock valued at $1,054,314. Insiders own 5.13% of the company’s stock.

Tourmaline Oil Stock Up 1.2 %

TSE:TOU opened at C$68.29 on Friday. Tourmaline Oil has a 1-year low of C$55.27 and a 1-year high of C$70.83. The firm has a market capitalization of C$25.45 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.72 and a beta of 1.30. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The business’s fifty day moving average price is C$67.08 and its 200 day moving average price is C$64.66.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s dividend payout ratio is 31.61%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.