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BABA   72.48 (+1.24%)
T   17.58 (+0.17%)
F   13.27 (+1.61%)
MU   118.21 (-0.78%)
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GE   175.20 (-2.73%)
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TSE:TOU

Tourmaline Oil (TOU) Stock Price, News & Analysis

C$63.01
+0.73 (+1.17%)
(As of 12:03 PM ET)
Today's Range
C$62.00
C$63.32
50-Day Range
C$53.99
C$63.37
52-Week Range
C$53.45
C$74.21
Volume
366,210 shs
Average Volume
2.12 million shs
Market Capitalization
C$22.15 billion
P/E Ratio
12.53
Dividend Yield
1.90%
Price Target
C$77.65

Tourmaline Oil MarketRank™ Stock Analysis

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
24.6% Upside
C$77.65 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Tourmaline Oil in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
C$1.17 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.37 out of 5 stars

TOU stock logo

About Tourmaline Oil Stock (TSE:TOU)

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. was incorporated in 2008 and is headquartered in Calgary, Canada.

TOU Stock Price History

TOU Stock News Headlines

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TOU:CA Tourmaline Oil Corp.
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Ex-Dividend for 3/28 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/01/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
389
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$77.65
High Stock Price Target
C$90.00
Low Stock Price Target
C$70.00
Potential Upside/Downside
+22.9%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
12 Analysts

Profitability

Net Income
C$1.74 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.84 billion
Cash Flow
C$0.22 per share
Book Value
C$39.89 per share

Miscellaneous

Free Float
N/A
Market Cap
C$22.21 billion
Optionable
Not Optionable
Beta
1.40
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Key Executives

  • Mr. Michael L. Rose P.Geol (Age 66)
    Chairman of the Board, President & CEO
    Comp: $4.67M
  • Mr. Brian G. Robinson (Age 67)
    CFO & Non-Independent Director
    Comp: $2.25M
  • Mr. Earl Henry McKinnon
    Chief Operating Officer
  • Ms. Sherra Aspin
    Vice President of Marketing
  • Mr. Colin Joel Frostad
    Vice President of Exploration
  • Mr. William Scott Kirker
    Chief Legal Officer & External Affairs
  • Ms. Katie Beck
    General Counsel & Corporate Secretary

Should I Buy Tourmaline Oil Stock? TOU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Tourmaline Oil was last updated on Monday, March 25, 2024 at 11:53 PM.

Pros

Here are some ways that investors could benefit from investing in Tourmaline Oil Corp.:

  • Tourmaline Oil Corp. has shown consistent growth in its oil and natural gas properties, indicating a strong potential for future profitability.
  • The company's strategic focus on properties in the Western Canadian Sedimentary Basin, known for its rich oil and gas reserves, provides a stable foundation for long-term success.
  • Recent developments in the Alberta Deep Basin and Northeast British Columbia Montney regions have shown promising results, attracting investor interest.
  • With the current stock price showing resilience in the face of market fluctuations, Tourmaline Oil Corp. presents an opportunity for value investors.
  • The company's experienced management team and commitment to technological innovation enhance operational efficiency and competitiveness in the industry.

Cons

Investors should be bearish about investing in Tourmaline Oil Corp. for these reasons:

  • Volatility in the oil and gas market can impact Tourmaline Oil Corp.'s financial performance, leading to fluctuations in stock prices.
  • Regulatory changes in the energy sector, especially in Western Canada, may pose challenges to the company's operations and profitability.
  • Dependency on oil and gas prices exposes Tourmaline Oil Corp. to market risks, making it susceptible to economic downturns.
  • Competitive pressures from other oil and gas companies operating in the same regions could affect Tourmaline Oil Corp.'s market share and growth prospects.
  • Environmental concerns and shifting consumer preferences towards renewable energy sources could impact the demand for traditional oil and gas products, affecting the company's revenue streams.

TOU Stock Analysis - Frequently Asked Questions

Should I buy or sell Tourmaline Oil stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last year. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TOU shares.
View TOU analyst ratings
or view top-rated stocks.

What is Tourmaline Oil's stock price target for 2024?

12 analysts have issued 1-year price objectives for Tourmaline Oil's stock. Their TOU share price targets range from C$70.00 to C$90.00. On average, they anticipate the company's share price to reach C$77.65 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price.
View analysts price targets for TOU
or view top-rated stocks among Wall Street analysts.

How have TOU shares performed in 2024?

Tourmaline Oil's stock was trading at C$59.59 at the beginning of the year. Since then, TOU stock has increased by 4.6% and is now trading at C$62.33.
View the best growth stocks for 2024 here
.

When is Tourmaline Oil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TOU earnings forecast
.

How often does Tourmaline Oil pay dividends? What is the dividend yield for Tourmaline Oil?

Tourmaline Oil declared a quarterly dividend on Wednesday, March 6th. Stockholders of record on Friday, March 15th will be given a dividend of 0.30 per share on Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.28.
Read our dividend analysis for TOU
.

Is Tourmaline Oil a good dividend stock?

Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.20 per share and currently has a dividend yield of 1.98%. The dividend payout ratio is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOU.

What other stocks do shareholders of Tourmaline Oil own?
How do I buy shares of Tourmaline Oil?

Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TOU) was last updated on 3/28/2024 by MarketBeat.com Staff

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