Tourmaline Oil Corp. (TSE:TOU) Receives C$78.45 Consensus Target Price from Analysts

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

A number of equities research analysts recently issued reports on the stock. National Bankshares increased their target price on shares of 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. CIBC increased their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. UBS Group increased their price objective 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 shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th.

Tourmaline Oil Trading Up 0.7 %

Shares of Tourmaline Oil stock opened at C$66.75 on Wednesday. The stock has a market capitalization of C$24.87 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. The company has a 50-day simple moving average of C$67.36 and a 200 day simple moving average of C$64.31. Tourmaline Oil has a 12-month low of C$55.27 and a 12-month high of C$70.83.

Tourmaline Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. 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 31.61%.

Insider Activity

In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction dated Monday, December 16th. The shares were bought at an average price of C$62.09 per share, with a total value of C$155,216.50. Also, Director Jill Terilee Angevine bought 1,000 shares of Tourmaline Oil 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. In the last quarter, insiders have acquired 16,000 shares of company stock valued at $1,047,918. 5.13% of the stock is currently 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.