Key Points
- Insider purchase: James William Alexander Heard bought 1,000 shares on April 17 at C$59.08 (C$59,080 total), raising his stake to 66,476 shares — a 1.53% increase valued at about C$3.93M.
- Dividend and payout risk: Tourmaline declared a quarterly C$0.50 dividend (C$2.00 annual, ~3.3% yield), but the dividend payout ratio is very high at 294.12%, suggesting payouts exceed current earnings.
- Analyst outlook vs. price: The consensus rating is "Buy" with an average target of C$71.25 versus the recent price near C$59.79; the stock has a market cap of C$23.15B and a P/E of about 87.9.
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider James William Alexander Heard bought 1,000 shares of Tourmaline Oil stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of C$59.08 per share, for a total transaction of C$59,080.00. Following the purchase, the insider owned 66,476 shares of the company's stock, valued at C$3,927,402.08. The trade was a 1.53% increase in their ownership of the stock.
Tourmaline Oil Stock Down 2.3%
TOU opened at C$59.79 on Friday. The stock has a market cap of C$23.15 billion, a PE ratio of 87.93, a P/E/G ratio of 1.72 and a beta of -0.10. Tourmaline Oil Corp. has a 52 week low of C$56.72 and a 52 week high of C$70.57. The business's fifty day simple moving average is C$64.09 and its 200 day simple moving average is C$62.34. The company has a quick ratio of 0.47, a current ratio of 0.83 and a debt-to-equity ratio of 12.25.
Tourmaline Oil (TSE:TOU - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported C($1.72) EPS for the quarter. The business had revenue of C$1.66 billion during the quarter. Tourmaline Oil had a return on equity of 1.65% and a net margin of 5.03%. As a group, research analysts expect that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.
Tourmaline Oil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 16th. Tourmaline Oil's dividend payout ratio (DPR) is 294.12%.
Analysts Set New Price Targets
TOU has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce cut their price target on shares of Tourmaline Oil from C$71.00 to C$66.00 in a report on Tuesday, January 13th. ATB Cormark Capital Markets cut their price target on shares of Tourmaline Oil from C$74.00 to C$73.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Jefferies Financial Group cut their price target on shares of Tourmaline Oil from C$72.00 to C$70.00 in a report on Tuesday, January 20th. Royal Bank Of Canada cut their price target on shares of Tourmaline Oil from C$76.00 to C$72.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Finally, Raymond James Financial raised their price target on shares of Tourmaline Oil from C$69.00 to C$72.00 in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Tourmaline Oil currently has a consensus rating of "Buy" and an average target price of C$71.25.
Get Our Latest Analysis on Tourmaline Oil
Tourmaline Oil Company Profile
(
Get Free Report)
Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.
Further Reading
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