Tourmaline Oil (TSE:TOU) Given New C$72.00 Price Target at Raymond James Financial

Tourmaline Oil (TSE:TOU) had its price objective lifted by Raymond James Financial from C$69.00 to C$72.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other research firms also recently weighed in on TOU. Canadian Imperial Bank of Commerce lowered their price objective on shares of Tourmaline Oil from C$71.00 to C$66.00 in a report on Tuesday, January 13th. Jefferies Financial Group lowered their target price on shares of Tourmaline Oil from C$72.00 to C$70.00 in a report on Tuesday, January 20th. Scotiabank cut their price target on Tourmaline Oil from C$80.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Finally, Desjardins boosted their price objective on Tourmaline Oil from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$71.56.

Tourmaline Oil Stock Down 6.4%

Shares of TSE:TOU opened at C$61.89 on Thursday. The company has a debt-to-equity ratio of 10.85, a quick ratio of 0.47 and a current ratio of 0.48. Tourmaline Oil has a 52-week low of C$55.40 and a 52-week high of C$70.73. The business’s 50 day simple moving average is C$61.69 and its two-hundred day simple moving average is C$61.16. The firm has a market cap of C$23.95 billion, a P/E ratio of 17.68, a PEG ratio of 1.72 and a beta of 0.12.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, March 4th. The company reported C($1.72) earnings per share for the quarter. Tourmaline Oil had a return on equity of 8.30% and a net margin of 27.57%.The firm had revenue of C$1.66 billion for the quarter. As a group, research analysts forecast that Tourmaline Oil will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, December 15th. Tourmaline Oil’s dividend payout ratio is presently 52.86%.

Insider Buying and Selling

In other news, insider Mike Rose bought 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average price of C$62.21 per share, with a total value of C$622,100.00. Following the transaction, the insider directly owned 8,042,678 shares in the company, valued at C$500,334,998.38. This represents a 0.12% increase in their ownership of the stock. Company insiders own 5.13% of the company’s stock.

Key Tourmaline Oil News

Here are the key news stories impacting Tourmaline Oil this week:

• Positive Sentiment: Investor outlook notes rising Tourmaline production and a surge in LNG prices that should support realized natural gas pricing and export-linked revenues. Investor Outlook: Tourmaline production rises as LNG prices surge
• Positive Sentiment: Company reported record Q4 production (659,204 boepd) and added ~829 million boe of 2P reserves, signaling strong operational momentum and reserve growth. Management also trimmed 2026 E&P capex, which could boost near‑term free cash flow. TOURMALINE ACHIEVES RECORD PRODUCTION…
• Positive Sentiment: Raymond James raised its price target from C$69 to C$72, implying upside vs. current levels — a supportive signal for sentiment and potential institutional buying. Analyst price target raise
• Neutral Sentiment: Tourmaline sold Alberta natural gas assets for $765M — a meaningful monetization that improves liquidity but may change future production mix; net impact depends on use of proceeds (debt paydown, buybacks or reinvestment). Tourmaline sells Alberta assets for $765M
• Neutral Sentiment: TD Cowen maintained a Hold rating (C$65 PT), citing balanced risk/reward amid prudent capex cuts and mixed asset-sale outcomes — a cautious crosscheck to the more bullish analyst move. Balanced Risk‑Reward Keeps Tourmaline Oil at Hold
• Negative Sentiment: Q4 reported EPS shows C($1.72) for the quarter (press release), which may reflect one‑offs, accounting items or timing that disappointed some investors and contributed to today’s selling pressure despite healthy margins and revenue. Q4 2025 Press Release / Earnings
• Neutral Sentiment: Yahoo Finance earnings call recap highlights record production and strategic actions — useful color but largely overlaps with company release. Q4 2025 Earnings Call Highlights

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.