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

Tourmaline Oil Corp opened trading today at $57.69 and closed at $56.90. prices ranged from $56.05 to $58.15.

Share prices dipped -3.00% from the previous day's close of $58.66.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

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

Trading volume was 7,238,578 on 10,484 total trades. On average, Tourmaline Oil Corp has traded 2,712,384 shares in the last five days and 2,148,044 year-to-date.

The TSX market on the whole today saw 432 price advancers against 4,843 declines and 43 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, in the last 52 weeks, Tourmaline Oil Corp's shares have decreased -16.47 percent, while in 2024, they have dipped -4.51%.

It announced a 0.33 dividend on July 31/24, with an September 13/24 ex-date and September 27/24 pay day.

Following today's trading, Tourmaline Oil Corp has a market capitalization of $20.05 billion on a float of 352,432 shares outstanding. Its annual EPS is $4.22.

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

Tourmaline Oil Corp's average recommendation is "Moderate Buy" based on 12.00 analysts according to Zacks. From those 12 analysts, 10 have buy ratings and 2 analysts gave hold ratings.

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..