Tourmaline Oil Corp. (TSE:TOU) Receives C$78.20 Average Target Price from Brokerages

Tourmaline Oil Corp. (TSE:TOU) has received an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$78.56.

A number of analysts recently commented on TOU shares. National Bankshares raised their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Desjardins lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and cut their target price for the company from C$80.00 to C$74.00 in a research note on Wednesday, March 19th. UBS Group increased their price target on shares of Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Finally, Cormark raised Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th.

Tourmaline Oil Stock Down 1.1 %

Shares of TSE:TOU opened at C$68.85 on Friday. Tourmaline Oil has a 1 year low of C$55.27 and a 1 year high of C$70.83. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. The stock’s 50-day moving average is C$67.20 and its 200 day moving average is C$64.87. The company has a market cap of C$25.66 billion, a PE ratio of 15.54, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a yield of 2.90%. Tourmaline Oil’s dividend payout ratio is 31.61%.

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine acquired 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of C$66.63 per share, for a total transaction of C$66,630.00. Also, Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of C$64.25 per share, for a total transaction of C$160,612.50. In the last quarter, insiders acquired 16,000 shares of company stock valued at $1,054,314. Corporate insiders own 5.13% of the company’s stock.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.