Tourmaline Oil Corp. (TSE:TOU – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$70.80.
TOU has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Tourmaline Oil from C$72.00 to C$74.00 in a report on Friday, July 24th. The Goldman Sachs Group lowered shares of Tourmaline Oil from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 1st. ATB Cormark Capital Markets boosted their price target on shares of Tourmaline Oil from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins set a C$68.00 price target on shares of Tourmaline Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, TD increased their price objective on shares of Tourmaline Oil from C$65.00 to C$66.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd.
Check Out Our Latest Report on TOU
Insider Buying and Selling at Tourmaline Oil
In other Tourmaline Oil news, insider Mike Rose purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was purchased at an average price of C$62.06 per share, with a total value of C$310,300.00. Following the acquisition, the insider owned 8,162,678 shares in the company, valued at approximately C$506,575,796.68. The trade was a 0.06% increase in their ownership of the stock. In the last 90 days, insiders have bought 35,000 shares of company stock valued at $2,143,250. Insiders own 5.13% of the company’s stock.
Tourmaline Oil Price Performance
Shares of TOU opened at C$66.50 on Tuesday. Tourmaline Oil has a twelve month low of C$57.95 and a twelve month high of C$70.57. The company has a market capitalization of C$25.84 billion, a P/E ratio of 72.28, a price-to-earnings-growth ratio of 1.72 and a beta of -0.27. The firm has a 50 day moving average of C$62.67 and a 200 day moving average of C$62.60. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 8.24.
Tourmaline Oil (TSE:TOU – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$1.50 billion during the quarter. Tourmaline Oil had a return on equity of 2.37% and a net margin of 6.50%. As a group, equities research analysts anticipate that Tourmaline Oil will post 5.68 earnings per share for the current fiscal year.
About Tourmaline Oil
Tourmaline is Canada’s largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.
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