Tourmaline Oil Corp. (TOU) To Go Ex-Dividend on June 15th

Tourmaline Oil Corp. (TSE:TOU) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.50 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 15th.

Tourmaline Oil Stock Up 0.0%

TOU stock traded up C$0.02 during trading hours on Friday, hitting C$63.20. The company’s stock had a trading volume of 3,727,823 shares, compared to its average volume of 2,790,194. The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 7.14. The company has a market capitalization of C$24.54 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.72 and a beta of -0.24. Tourmaline Oil has a 12 month low of C$56.72 and a 12 month high of C$70.57. The stock has a 50 day moving average price of C$63.95 and a two-hundred day moving average price of C$63.31.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, May 6th. The company reported C$1.69 EPS for the quarter. Tourmaline Oil had a net margin of 12.79% and a return on equity of 4.40%. The company had revenue of C$1.78 billion during the quarter. On average, equities research analysts expect that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TOU. Royal Bank Of Canada reduced their price objective on shares of Tourmaline Oil from C$76.00 to C$72.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Desjardins boosted their price objective on shares of Tourmaline Oil from C$70.00 to C$74.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. BMO Capital Markets cut shares of Tourmaline Oil from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$67.00 to C$70.00 in a research note on Thursday, May 7th. Raymond James Financial boosted their price objective on shares of Tourmaline Oil from C$69.00 to C$72.00 in a research note on Thursday, March 5th. Finally, Scotiabank upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tourmaline Oil has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

Tourmaline Oil Company Profile

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.