Tourmaline Oil (TSE:TOU) PT Lowered to C$67.00

Tourmaline Oil (TSE:TOU) had its price target trimmed by Jefferies Financial Group from C$75.00 to C$67.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on TOU. National Bankshares upped their target price on shares of Tourmaline Oil from C$70.00 to C$72.50 and gave the company an outperform rating in a report on Tuesday, August 13th. Desjardins increased their price target on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the company a buy rating in a report on Tuesday, August 13th. Canaccord Genuity Group increased their price target on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the company a buy rating in a report on Tuesday, August 13th. UBS Group upgraded Tourmaline Oil to a hold rating in a research note on Thursday, June 20th. Finally, Scotiabank increased their price objective on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an outperform rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tourmaline Oil presently has a consensus rating of Buy and an average price target of C$78.38.

Tourmaline Oil Stock Up 1.2 %

Shares of TOU stock opened at C$59.56 on Monday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The firm’s 50-day moving average is C$60.30 and its 200-day moving average is C$62.95. The stock has a market cap of C$20.99 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.72 and a beta of 1.31. Tourmaline Oil has a 52-week low of C$53.45 and a 52-week high of C$74.21.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). The firm had revenue of C$1.31 billion during the quarter, compared to the consensus estimate of C$1.37 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Sell-side analysts predict that Tourmaline Oil will post 6.9569378 EPS for the current year.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 13th. This represents a yield of 2.26%. Tourmaline Oil’s dividend payout ratio is 33.18%.

Insider Buying and Selling at Tourmaline Oil

In other news, Director Jill Terilee Angevine purchased 3,000 shares of Tourmaline Oil stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of C$63.17 per share, for a total transaction of C$189,510.00. In other Tourmaline Oil news, Director Jill Terilee Angevine purchased 3,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average price of C$63.17 per share, with a total value of C$189,510.00. Also, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of C$57.07 per share, with a total value of C$285,369.00. Insiders have bought a total of 26,800 shares of company stock valued at $1,619,751 in the last ninety days. 5.41% of the stock is currently owned by company insiders.

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.