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

Shares of Tourmaline Oil Corp. (TSE:TOU) have received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$77.86.

TOU has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Desjardins upped their price objective on Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. National Bankshares set a C$72.50 target price on Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. TD Securities lowered their price target on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Scotiabank increased their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th.

Tourmaline Oil Stock Performance

TSE TOU opened at C$63.18 on Thursday. The business’s 50-day moving average price is C$61.67 and its 200 day moving average price is C$63.13. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The firm has a market cap of C$23.45 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil has a 52-week low of C$53.45 and a 52-week high of C$74.21.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). The firm had revenue of C$1.31 billion during the quarter, compared to analysts’ expectations of C$1.37 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. On average, equities research analysts expect that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 2.26%. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Insider Activity at Tourmaline Oil

In other news, Senior Officer Mike Rose bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of C$63.32 per share, with a total value of C$158,310.00. In other news, Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of C$63.32 per share, with a total value of C$158,310.00. Also, Senior Officer William Scott Kirker sold 66,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$66.37, for a total value of C$4,380,274.80. In the last 90 days, insiders have purchased 36,800 shares of company stock valued at $2,233,566. 5.13% of the stock is owned by corporate insiders.

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.