Tourmaline Oil (TSE:TOU) Stock Price Expected to Rise, National Bankshares Analyst Says

Tourmaline Oil (TSE:TOU) had its price target boosted by National Bankshares from C$72.50 to C$75.00 in a research report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. TD Securities lowered their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group raised their target price on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Cormark upgraded shares of Tourmaline Oil to a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group raised their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Two 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. According to MarketBeat.com, Tourmaline Oil has an average rating of “Moderate Buy” and a consensus price target of C$78.42.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock opened at C$61.25 on Thursday. The stock has a market capitalization of C$22.74 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The company has a 50-day simple moving average of C$63.85 and a two-hundred day simple moving average of C$62.53. Tourmaline Oil has a twelve month low of C$53.45 and a twelve month high of C$69.25.

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

Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.35 per share. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.29%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 33.18%.

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were purchased at an average price of C$59.85 per share, with a total value of C$149,625.00. Also, Senior Officer William Scott Kirker sold 66,000 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$66.37, for a total transaction of C$4,380,274.80. In the last three months, insiders bought 15,000 shares of company stock worth $935,943. Corporate 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.