Tourmaline Oil Corp Stock Today

TOU Stock  CAD 65.64  0.59  0.89%   

Performance

5 of 100

 
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Odds Of Distress

Less than 1

 
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Tourmaline Oil is selling at 65.64 as of the 28th of November 2024; that is 0.89% down since the beginning of the trading day. The stock's open price was 66.23. Tourmaline Oil has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Tourmaline Oil Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain
Energy
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. The company was incorporated in 2008 and is headquartered in Calgary, Canada. TOURMALINE OIL operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 371.51 M outstanding shares of which 6.03 M shares are at this time shorted by private and institutional investors with about 2.34 days to cover all short positions. More on Tourmaline Oil Corp

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Tourmaline Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tourmaline Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tourmaline Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Tourmaline Oil's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tourmaline Oil's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanMichael Rose
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Tourmaline Oil's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tourmaline Oil's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Tourmaline Oil can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tourmaline Oil's financial leverage. It provides some insight into what part of Tourmaline Oil's total assets is financed by creditors.
Liquidity
Tourmaline Oil cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Tourmaline Oil Corp has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Tourmaline Oil Corp has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tourmaline Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Tourmaline Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tourmaline Oil Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tourmaline to invest in growth at high rates of return. When we think about Tourmaline Oil's use of debt, we should always consider it together with cash and equity.

Depreciation

701.62 Million
Tourmaline Oil Corp (TOU) is traded on Toronto Exchange in Canada and employs 389 people. Tourmaline Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.6 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tourmaline Oil's market, we take the total number of its shares issued and multiply it by Tourmaline Oil's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tourmaline Oil Corp operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 371.51 M outstanding shares of which 6.03 M shares are at this time shorted by private and institutional investors with about 2.34 days to cover all short positions. Tourmaline Oil Corp has accumulated about 0 in cash with 4.41 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Tourmaline Oil Probability Of Bankruptcy
Ownership Allocation
Tourmaline Oil Corp shows a total of 371.51 Million outstanding shares. 30% of Tourmaline Oil Corp outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Tourmaline Ownership Details

Tourmaline Oil Corp Risk Profiles

Although Tourmaline Oil's alpha and beta are two of the key measurements used to evaluate Tourmaline Oil's performance over the market, the standard measures of volatility play an important role as well.

Tourmaline Stock Against Markets

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Tourmaline Oil Corporate Directors

Lee BakerIndependent DirectorProfile
Phillip LamoreauxIndependent DirectorProfile
Lucy MillerIndependent DirectorProfile
Jill AngevineIndependent DirectorProfile

Other Information on Investing in Tourmaline Stock

Tourmaline Oil financial ratios help investors to determine whether Tourmaline Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tourmaline with respect to the benefits of owning Tourmaline Oil security.