Closing Bell: Tourmaline Oil Corp down on Wednesday (TOU)

Today, Tourmaline Oil Corp shares closed at $59.74 after opening the day at $61.05. prices ranged from a low of $59.68 to a high of $61.41.

Share prices dipped -2.15 percent from the previous day's close of $61.05.

Today across North America, the TSX Composite closed -0.76% at 22639.57, the S&P 500 closed -0.16% at 5555.74, the Dow Jones Industrial Average closed -0.14% at 40358.09 and the Nasdaq Composite closed -0.06% at 17997.35.

Tourmaline Oil Corp traded under TOU on the Toronto Stock Exchange (TSX).

Trading volume was 1,699,336 on 5,745 total trades. On average, Tourmaline Oil Corp has traded 1,950,714 shares over 5 days and 2,147,269 year-to-date.

The TSX overall saw 1,249 price advancers against 3,959 declines and 110 unchanged.

During the prior 52 weeks, TOU.TO has traded as high as $74.21 (November 01,2023) and low as $53.45 (February 13,2024). Moreover, the shares have dipped -12.13 percent in the last year, while this year, they have gained 0.25%.

It announced a 0.32 dividend on May 01/24, with an June 14/24 ex-date and June 28/24 pay day.

Following today's trading, Tourmaline Oil Corp has a market capitalization of $21.47 billion on a float of 351,655 shares outstanding. Its annual EPS is $4.99.

Tourmaline Oil Corp is a TSX Oil & Gas E&P company headquartered in Calgary, CAN.

Based on 12.00 analysts, Tourmaline Oil Corp gets an average recommendation of "Moderate Buy" according to Zacks. Currently, there are 10 buy ratings and 2 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..