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

In market activity today, Tourmaline Oil Corp shares closed at $58.04 after opening the day at $58.44. prices ranged from a low of $56.69 to a high of $58.97.

Shares raised 2.40 percent from the previous day's close of $56.68.

Today across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

Tourmaline Oil Corp has listed on the Toronto Stock Exchange (TSX) under the ticker TOU.

A total of 15,605,214 shares was traded during the last trading day, with total trades of 7,624, while having an average volume of 8,109,192 over 5 days.

The TSX market on the whole today saw 1,858 price advancers against 3,319 declines and 108 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 dipped -15.98%, while they have eased -2.60% since the start of 2024.

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 $19.98 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.

Currently, Tourmaline Oil Corp's consensus rating is "Moderate Buy" based on 12 analysts 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..