Tourmaline Oil Corp Stock Today
| TOU Stock | CAD 65.24 0.03 0.05% |
Performance11 of 100
| Odds Of DistressLess than 1
|
Tourmaline Oil is selling at 65.24 as of the 17th of April 2024; that is 0.05 percent up since the beginning of the trading day. The stock's open price was 65.21. Tourmaline Oil has a very small chance of experiencing financial distress in the next few years and had a good 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 28th of April 2022 and ending today, the 17th of April 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 351.47 M outstanding shares of which 2.85 M shares are at this time shorted by private and institutional investors with about 1.85 days to cover all short positions. More on Tourmaline Oil Corp
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Moving against Tourmaline Stock
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Follow Valuation Profit Patterns Odds of Bankruptcy
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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 |
| Chairman | Michael Rose | ||||
| Business Concentration | Oil & 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. | |||||
Financial leverage usually refers to 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.
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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 22.92 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 351.47 M outstanding shares of which 2.85 M shares are at this time shorted by private and institutional investors with about 1.85 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.
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Ownership AllocationTourmaline Oil maintains a total of 351.47 Million outstanding shares. Over half of Tourmaline Oil's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Tourmaline Oil Corp. Please watch out for any change in the institutional holdings of Tourmaline Oil as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Tourmaline Ownership Details
Tourmaline Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Tourmaline Oil jumping above the current price in 90 days from now is about 5.8%. The Tourmaline Oil Corp probability density function shows the probability of Tourmaline Oil stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Tourmaline Oil has a beta of 0.84. This usually implies as returns on the market go up, Tourmaline Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tourmaline Oil Corp will be expected to be much smaller as well. Additionally, tourmaline Oil Corp has an alpha of 0.0538, implying that it can generate a 0.0538 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tourmaline Oil to move above the current price in 90 days from now is about 5.8 (This Tourmaline Oil Corp probability density function shows the probability of Tourmaline Stock to fall within a particular range of prices over 90 days) .
Tourmaline Oil Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tourmaline Oil market risk premium is the additional return an investor will receive from holding Tourmaline Oil long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tourmaline Oil. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. 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.
| Mean Deviation | 1.33 | |||
| Semi Deviation | 1.72 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.06 |
Tourmaline Stock Against Markets
Picking the right benchmark for Tourmaline Oil stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tourmaline Oil stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tourmaline Oil is critical whether you are bullish or bearish towards Tourmaline Oil Corp at a given time. Please also check how Tourmaline Oil's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tourmaline Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tourmaline Oil Corporate Directors
Tourmaline Oil corporate directors refer to members of a Tourmaline Oil board of directors. The board of directors generally takes responsibility for the Tourmaline Oil's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Tourmaline Oil's board members must vote for the resolution. The Tourmaline Oil board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Blakely | Lead Independent Director | Profile | |
| Lee Baker | Independent Director | Profile | |
| Lucy Miller | Independent Director | Profile | |
| Jill Angevine | Independent Director | Profile |
How to buy Tourmaline Stock?
Before investing in Tourmaline Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tourmaline Oil. To buy Tourmaline Oil stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tourmaline Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tourmaline Oil stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tourmaline Oil Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tourmaline Oil Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Tourmaline Oil Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Tourmaline Oil Corp?
The danger of trading Tourmaline Oil Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tourmaline Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tourmaline Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tourmaline Oil Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Tourmaline Stock analysis
When running Tourmaline Oil's price analysis, check to measure Tourmaline Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tourmaline Oil is operating at the current time. Most of Tourmaline Oil's value examination focuses on studying past and present price action to predict the probability of Tourmaline Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tourmaline Oil's price. Additionally, you may evaluate how the addition of Tourmaline Oil to your portfolios can decrease your overall portfolio volatility.
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