1 week Ago By Defense World Staff
Tourmaline Oil Corp. ( TSE:TOU – Get Free Report )’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$62.
97 and traded as high as C$69.58. Tourmaline Oil shares last traded at C$69.
34, with a volume of 2,139,259 shares. Analysts Set New Price Targets Several research analysts have issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of Tourmaline Oil from C$75.
00 to C$74.00 in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Tourmaline Oil from C$73.
00 to C$76.00 in a report on Monday, December 16th. CIBC boosted their price objective on shares of Tourmaline Oil from C$75.
00 to C$80.00 in a report on Friday, January 17th. National Bankshares boosted their price objective on shares of Tourmaline Oil from C$72.
50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, TD Securities decreased their price objective on shares of Tourmaline Oil from C$77.
00 to C$75.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$77.82.
Read Our Latest Analysis on Tourmaline Oil Tourmaline Oil Price Performance Tourmaline Oil ( TSE:TOU – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.
26 by C($0.26). The firm had revenue of C$1.
47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a return on equity of 10.
86% and a net margin of 30.75%. Analysts predict that Tourmaline Oil Corp.
will post 5.6809091 EPS for the current fiscal year. Tourmaline Oil Increases Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st.
Shareholders of record on Tuesday, December 31st were given a $0.35 dividend. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.
32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.
02%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is presently 33.
18%. Insiders Place Their Bets In related news, Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average price of C$66.
44 per share, for a total transaction of C$166,109.00. Insiders bought a total of 12,500 shares of company stock worth $805,187 over the last three months.
5.13% of the stock is currently owned by company insiders. About Tourmaline Oil ( Get Free Report ) 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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