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

Tourmaline Oil Corp. (TSE:TOU) has received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$78.45.

A number of equities analysts have recently issued reports on the stock. National Bankshares increased their price objective on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group increased their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. CIBC increased their price objective on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. Finally, UBS Group increased their price objective on shares of Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th.

Tourmaline Oil Trading Down 2.6 %

Shares of TOU stock opened at C$67.54 on Wednesday. Tourmaline Oil has a 52-week low of C$55.27 and a 52-week high of C$70.83. The stock has a market cap of C$25.17 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01. The firm has a fifty day moving average of C$67.01 and a 200-day moving average of C$64.07.

Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.35 per share. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.07%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 31.61%.

Insider Buying and Selling

In related news, Senior Officer Mike Rose purchased 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of C$62.09 per share, with a total value of C$155,216.50. Also, Director Jill Terilee Angevine acquired 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of C$66.63 per share, for a total transaction of C$66,630.00. Insiders have bought 16,000 shares of company stock valued at $1,047,918 in the last 90 days. 5.13% of the stock is owned by insiders.

About Tourmaline Oil

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.