Tourmaline Oil Corp (TSE:TOU) declared a quarterly dividend on Friday, September 13th, TickerTech reports. Investors of record on Monday, September 30th will be paid a dividend of 0.12 per share on Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, September 13th.
TOU traded up C$0.19 during trading on Thursday, hitting C$14.19. The company’s stock had a trading volume of 980,445 shares, compared to its average volume of 775,195. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 20.25. Tourmaline Oil has a twelve month low of C$11.89 and a twelve month high of C$23.86. The business’s fifty day simple moving average is C$13.85 and its 200 day simple moving average is C$17.76. The firm has a market capitalization of $3.85 billion and a price-to-earnings ratio of 7.90.
Tourmaline Oil (TSE:TOU) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.57 EPS for the quarter. The business had revenue of C$486.39 million during the quarter. As a group, equities research analysts forecast that Tourmaline Oil will post 0.68 earnings per share for the current fiscal year.
Several analysts have commented on TOU shares. TD Securities dropped their price objective on Tourmaline Oil from C$27.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Royal Bank of Canada dropped their price objective on Tourmaline Oil from C$26.00 to C$24.00 in a report on Thursday, July 18th. BMO Capital Markets dropped their price objective on Tourmaline Oil from C$23.00 to C$21.00 in a report on Friday, June 14th. National Bank Financial dropped their price objective on Tourmaline Oil from C$25.00 to C$23.50 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, GMP Securities dropped their price objective on Tourmaline Oil from C$28.50 to C$25.25 in a report on Friday, June 28th.
About Tourmaline Oil
Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.
Further Reading: Are analyst ratings accurate?
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.