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 Wall Street analysts have issued 12-month price objectives for Tourmaline Oil's shares. Their TOU share price targets range from C$70.00 to C$90.00. On average, they expect the company's share price to reach C$77.38 in the next year. This suggests a possible upside of 20.7% 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 on January 1st, 2024. Since then, TOU stock has increased by 7.6% and is now trading at C$64.12. 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 were Tourmaline Oil's earnings last quarter?

Tourmaline Oil Corp. (TSE:TOU) announced its quarterly earnings results on Wednesday, March, 6th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.59. The business earned $1.66 billion during the quarter, compared to analysts' expectations of $1.49 billion. Tourmaline Oil had a net margin of 35.87% and a trailing twelve-month return on equity of 12.53%.

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. Investors 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 1.87%. The ex-dividend date 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 1.93%. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tourmaline Oil investors own include Intact Financial (IFC) , Constellation Software (CSU) , Peyto Exploration & Development (PEY) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , Vermilion Energy (VET) , Toronto-Dominion Bank (TD) , AbbVie (ABBV) , Agnico Eagle Mines (AEM) and Enbridge (ENB) .

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 .

TSE:TOU

Tourmaline Oil (TOU) Stock Price, News & Analysis

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C$64.12

-1.12 (-1.72%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$63.84
▼
C$65.49
50-Day Range: C$53.99
▼
C$67.71
52-Week Range: C$53.45
▼
C$74.21

Volume: 1.96 million shs
Average Volume: 2.04 million shs
Market Capitalization: C$22.54 billion

P/E Ratio: 12.75
Dividend Yield: 1.87%
Price Target: C$77.38

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Tourmaline Oil MarketRank™ Stock Analysis

Analyst Rating: Buy
3.08 Rating Score
Upside/Downside: 20.7% Upside
C$77.38 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.07
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
C$880,681 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.

2.98 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Tourmaline Oil has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Tourmaline Oil has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TOU.

1.7

Dividend Strength

Dividend Yield
Tourmaline Oil pays a meaningful dividend of 1.93%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tourmaline Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tourmaline Oil is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TOU.

1.7

News and Social Media Coverage

News Sentiment
Tourmaline Oil has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Tourmaline Oil this week, compared to 2 articles on an average week.
Search Interest
Only 16 people have searched for TOU on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Tourmaline Oil to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$880,681.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 5.19% of the stock of Tourmaline Oil is held by insiders.
Percentage Held by Institutions
55.23% of the stock of Tourmaline Oil is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tourmaline Oil is 12.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tourmaline Oil is 12.75, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.53.
Price to Earnings Growth Ratio
Tourmaline Oil has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tourmaline Oil has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

TOU Stock News Headlines

March 23, 2024 | insidertrades.com

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Buys 2,500 Shares

April 18, 2024 | finance.yahoo.com

Retail investors who have a significant stake must be disappointed along with institutions after Tourmaline Oil Corp.'s (TSE:TOU) market cap dropped by CA$868m

April 18, 2024 | DTI (Ad)

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Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 18, 2024 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) Price Target Lowered to C$72.50 at Canaccord Genuity Group

April 17, 2024 | msn.com

Blue-Chip Stocks = Reliable Dividend Income for Retirement

April 17, 2024 | financialpost.com

'Zombie fires' smouldering near oil and gas wells threaten drillers

April 15, 2024 | finance.yahoo.com

'Zombie Fires' Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers

April 14, 2024 | americanbankingnews.com

Tourmaline Oil (TSE:TOU) Price Target Raised to C$75.00 at Jefferies Financial Group

April 18, 2024 | DTI (Ad)

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April 7, 2024 | nasdaq.com

Tourmaline Oil Breaks Above 200-Day Moving Average - Bullish for TOU

April 3, 2024 | msn.com

Compare with Tourmaline Oil Corp (Alberta) (TOUN)

April 3, 2024 | msn.com

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March 11, 2024 | oilprice.com

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March 8, 2024 | finance.yahoo.com

Tourmaline Oil Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

March 6, 2024 | theglobeandmail.com

Senior business leaders support proposal asking pension funds to invest more in Canada

March 6, 2024 | finance.yahoo.com

TOURMALINE DELIVERS RECORD PRODUCTION, INCREASES 2P RESERVES TO 5 BILLION BOE AND DECLARES AN INCREASED QUARTERLY BASE DIVIDEND AND A SPECIAL DIVIDEND

February 22, 2024 | morningstar.com

Tourmaline Oil Corp TRMLF

February 22, 2024 | msn.com

Northern Lights College announces new oil and gas field operator program

February 21, 2024 | msn.com

7 Best shampoos for split ends to get healthier locks

February 21, 2024 | financialpost.com

Canada's Outstanding CEO of the Year: Tourmaline Oil's Michael Rose

February 19, 2024 | theglobeandmail.com

Globe readers glide through market mayhem, with one month left in stock-picking challenge

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:TOU
CUSIP: N/A
CIK: N/A
Web: www.tourmalineoil.com
Phone: +1-403-7673587
Fax: N/A
Employees: 389
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$77.38
High Stock Price Target: C$90.00
Low Stock Price Target: C$70.00
Potential Upside/Downside: +20.7%
Consensus Rating: Buy
Rating Score (0-4): 3.08
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.03
Trailing P/E Ratio: 12.75
Forward P/E Ratio: 13.61
P/E Growth: 1.72
Net Income: C$1.74 billion
Net Margins: 35.87%
Pretax Margin: N/A
Return on Equity: 12.53%
Return on Assets: 10.31%

Debt

Debt-to-Equity Ratio: 8.04
Current Ratio: 0.81
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: C$4.84 billion
Price / Sales: 4.66
Cash Flow: C$0.22 per share
Price / Cash Flow: 285.99
Book Value: C$39.89 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 351,470,000
Free Float: N/A
Market Cap: C$22.54 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Pros

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

Tourmaline Oil Corp. has a strong buy rating from analysts, indicating positive market sentiment towards the company.
Recent insider activity shows key figures within the company acquiring significant amounts of shares, signaling confidence in its future performance.
The current stock price of Tourmaline Oil Corp. is at an attractive level, providing a potentially favorable entry point for investors.
The company operates in the Oil & Gas E&P industry, which can offer substantial returns to investors during periods of high oil and gas prices.
Tourmaline Oil Corp. has a diversified portfolio of properties in key regions like the Alberta Deep Basin and Northeast British Columbia Montney, reducing risk exposure.

Cons

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

Analysts have adjusted price targets downwards for Tourmaline Oil Corp., indicating potential challenges or uncertainties in the company's future performance.
The company's debt-to-equity ratio of 3.64 may raise concerns about its financial leverage and ability to manage debt obligations.
Tourmaline Oil Corp.'s stock performance has shown volatility, with fluctuations in its share price that may pose risks to investors.
The company's quick ratio of 0.47 and current ratio of 0.89 suggest potential liquidity issues that could impact its operations during challenging market conditions.
Despite insider acquisitions, the overall insider ownership of 5.19% may raise questions about broader confidence levels within the company.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Tourmaline Oil pros and cons to contact@marketbeat.com.

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 Wall Street analysts have issued 12-month price objectives for Tourmaline Oil's shares. Their TOU share price targets range from C$70.00 to C$90.00. On average, they expect the company's share price to reach C$77.38 in the next year. This suggests a possible upside of 20.7% 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 on January 1st, 2024. Since then, TOU stock has increased by 7.6% and is now trading at C$64.12.
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 were Tourmaline Oil's earnings last quarter?: Tourmaline Oil Corp. (TSE:TOU) announced its quarterly earnings results on Wednesday, March, 6th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.59. The business earned $1.66 billion during the quarter, compared to analysts' expectations of $1.49 billion. Tourmaline Oil had a net margin of 35.87% and a trailing twelve-month return on equity of 12.53%.

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. Investors 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 1.87%. The ex-dividend date 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 1.93%. 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tourmaline Oil investors own include Intact Financial (IFC), Constellation Software (CSU), Peyto Exploration & Development (PEY), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Vermilion Energy (VET), Toronto-Dominion Bank (TD), AbbVie (ABBV), Agnico Eagle Mines (AEM) and Enbridge (ENB).
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 4/18/2024 by MarketBeat.com Staff

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Tourmaline Oil (TOU) Stock Price, News & Analysis

Tourmaline Oil MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tourmaline Oil Stock (TSE:TOU)

TOU Stock Price History

TOU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

TOU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™