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

Tourmaline Oil Corp. (TSE:TOU) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$78.56.

TOU has been the topic of a number of research reports. Cormark upgraded shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Desjardins cut shares of Tourmaline Oil from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$80.00 to C$74.00 in a report on Wednesday, March 19th. CIBC lifted their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. National Bankshares upped their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group lifted their price objective on Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th.

Insider Buying and Selling at Tourmaline Oil

In other news, Director Jill Terilee Angevine purchased 1,000 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of C$66.63 per share, with a total value of C$66,630.00. Also, Senior Officer Mike Rose acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of C$68.38 per share, with a total value of C$170,945.00. In the last 90 days, insiders have purchased 16,000 shares of company stock worth $1,054,314. Company insiders own 5.13% of the company’s stock.

Tourmaline Oil Trading Down 1.0 %

TOU opened at C$68.16 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. 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$25.40 billion, a PE ratio of 15.39, a PEG ratio of 1.72 and a beta of 1.30. The business has a 50 day moving average of C$67.22 and a 200-day moving average of C$64.96.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a dividend yield of 2.93%. Tourmaline Oil’s dividend payout ratio (DPR) 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.