Tourmaline Oil (TSE:TOU) Price Target Raised to C$73.00

Tourmaline Oil (TSE:TOU) had its target price upped by UBS Group from C$70.00 to C$73.00 in a report issued on Monday morning,BayStreet.CA reports.

TOU has been the subject of a number of other reports. Canaccord Genuity Group cut their price target on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Scotiabank boosted their price objective on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Jefferies Financial Group boosted their price objective on Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. National Bankshares set a C$72.50 price objective on Tourmaline Oil and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Cormark raised Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tourmaline Oil has an average rating of “Moderate Buy” and an average target price of C$77.96.

Tourmaline Oil Stock Up 0.1 %

TOU opened at C$62.35 on Monday. Tourmaline Oil has a fifty-two week low of C$53.45 and a fifty-two week high of C$69.25. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. The firm’s fifty day moving average price is C$64.20 and its two-hundred day moving average price is C$62.80. The company has a market capitalization of C$23.14 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. On average, analysts anticipate that Tourmaline Oil will post 5.6809091 EPS for the current 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 paid a $0.50 dividend. This represents a yield of 2.26%. The ex-dividend date was Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 33.18%.

Insider Transactions at Tourmaline Oil

In related news, Senior Officer William Scott Kirker sold 66,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$66.37, for a total value of C$4,380,274.80. Also, Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of C$62.27 per share, with a total value of C$155,664.50. Over the last 90 days, insiders bought 12,500 shares of company stock valued at $769,479. 5.13% of the stock is currently owned by corporate insiders.

Tourmaline Oil Company Profile

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.