Jefferies Financial Group Increases Tourmaline Oil (TSE:TOU) Price Target to C$75.00

Tourmaline Oil (TSE:TOUFree Report) had its price target increased by Jefferies Financial Group from C$70.00 to C$75.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. TD Securities cut their target price on shares of Tourmaline Oil from C$75.00 to C$72.00 and set a buy rating on the stock in a research note on Thursday, March 7th. Desjardins dropped their price target on shares of Tourmaline Oil from C$76.00 to C$75.00 and set a buy rating on the stock in a research note on Friday, March 22nd. BMO Capital Markets dropped their price target on shares of Tourmaline Oil from C$78.00 to C$75.00 in a research note on Thursday, March 28th. ATB Capital dropped their price target on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an outperform rating on the stock in a research note on Wednesday, March 20th. Finally, Raymond James dropped their price target on shares of Tourmaline Oil from C$90.00 to C$85.00 and set a strong-buy rating on the stock in a research note on Friday, January 19th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$77.81.

Check Out Our Latest Research Report on Tourmaline Oil

Tourmaline Oil Stock Down 1.4 %

Shares of TSE:TOU opened at C$65.66 on Friday. The firm’s 50-day moving average is C$60.62 and its two-hundred day moving average is C$63.18. The company has a debt-to-equity ratio of 8.04, a current ratio of 0.81 and a quick ratio of 0.47. Tourmaline Oil has a 1 year low of C$53.45 and a 1 year high of C$74.21. The firm has a market capitalization of C$23.08 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.40.

Tourmaline Oil (TSE:TOUGet Free Report) last released its earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.41 by C$0.59. Tourmaline Oil had a net margin of 35.87% and a return on equity of 12.53%. The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.49 billion. Analysts predict that Tourmaline Oil will post 4.710507 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.83%. Tourmaline Oil’s payout ratio is 23.86%.

Insider Buying and Selling

In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of C$59.42 per share, for a total transaction of C$148,543.00. In other Tourmaline Oil news, Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of C$59.42 per share, for a total transaction of C$148,543.00. Also, Director Janet Weiss purchased 650 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were purchased at an average cost of C$43.66 per share, for a total transaction of C$28,376.40. In the last ninety days, insiders have purchased 20,180 shares of company stock valued at $1,171,702. Corporate insiders own 5.19% of the company’s stock.

About Tourmaline Oil

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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.

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Analyst Recommendations for Tourmaline Oil (TSE:TOU)

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