Cormark Issues Negative Forecast for Tourmaline Oil Earnings

Tourmaline Oil Corp. (TSE:TOU) – Stock analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for shares of Tourmaline Oil in a research report issued on Thursday, November 6th. Cormark analyst K. Baim now forecasts that the company will post earnings of $3.66 per share for the year, down from their previous forecast of $4.09. The consensus estimate for Tourmaline Oil’s current full-year earnings is $5.68 per share. Cormark also issued estimates for Tourmaline Oil’s FY2026 earnings at $4.69 EPS and FY2027 earnings at $4.34 EPS.

Other equities research analysts have also recently issued research reports about the stock. Capital One Financial raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Monday, October 27th. ATB Capital boosted their target price on shares of Tourmaline Oil from C$76.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. CIBC reduced their price target on shares of Tourmaline Oil from C$74.00 to C$71.00 in a research report on Wednesday, October 15th. TD Securities lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and decreased their price target for the company from C$73.00 to C$68.00 in a research note on Tuesday, September 30th. Finally, Raymond James Financial lowered their price objective on Tourmaline Oil from C$74.00 to C$72.00 in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.10.

Tourmaline Oil Stock Up 1.3%

Tourmaline Oil stock opened at C$60.87 on Monday. 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 has a market capitalization of C$23.56 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29. The business has a 50 day simple moving average of C$60.66 and a 200-day simple moving average of C$61.57. Tourmaline Oil has a 12 month low of C$55.40 and a 12 month high of C$70.83.

Insider Activity

In other news, Director Christopher Lee acquired 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of C$58.30 per share, for a total transaction of C$991,045.60. Following the completion of the transaction, the director owned 17,000 shares in the company, valued at approximately C$991,045.60. This trade represents a ? increase in their ownership of the stock. Also, insider Mike Rose bought 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of C$59.83 per share, for a total transaction of C$598,300.00. Following the completion of the acquisition, the insider directly owned 8,197,742 shares in the company, valued at C$490,470,903.86. The trade was a 0.12% increase in their ownership of the stock. In the last three months, insiders have bought 42,000 shares of company stock worth $2,499,474. Corporate insiders own 5.13% of the company’s stock.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s payout ratio is presently 52.86%.

About Tourmaline Oil

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.