Tourmaline Oil Corp. (TSE:TOU) Given Average Recommendation of “Moderate Buy” by Analysts

Tourmaline Oil Corp. (TSE:TOU) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$78.41.

A number of equities analysts recently issued reports on the stock. TD Securities dropped their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Scotiabank lifted their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Jefferies Financial Group boosted their target price on shares of Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. National Bankshares set a C$72.50 target price on shares of Tourmaline Oil and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Desjardins boosted their target price on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

Tourmaline Oil Stock Down 0.3 %

TSE:TOU opened at C$67.63 on Monday. The firm has a market cap of C$25.10 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. Tourmaline Oil has a fifty-two week low of C$53.45 and a fifty-two week high of C$69.25. The firm has a 50-day simple moving average of C$62.93 and a two-hundred day simple moving average of C$62.88.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Analysts predict that Tourmaline Oil will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

The firm also recently declared a None dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.50 dividend. This represents a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. Tourmaline Oil’s dividend payout ratio is presently 33.18%.

Insider Buying and Selling

In other news, Director Jill Terilee Angevine acquired 2,500 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of C$59.85 per share, for a total transaction of C$149,625.00. Also, Senior Officer Mike Rose acquired 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of C$57.07 per share, for a total transaction of C$285,369.00. Over the last 90 days, insiders have acquired 25,000 shares of company stock worth $1,509,320. Insiders own 5.13% of the company’s stock.

About Tourmaline Oil

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.