Tourmaline Oil Declares Dividend and Elects New Directors

Tourmaline Oil ( (TSE:TOU) ) has shared an announcement.

Tourmaline Oil Corp. has declared a quarterly cash dividend of C$0.50 per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. Additionally, the company announced the election of ten directors during its annual shareholder meeting, with all proposed nominees successfully elected. These developments reflect Tourmaline’s ongoing commitment to shareholder returns and stable governance, potentially reinforcing its position in the energy sector.

The most recent analyst rating on (TSE:TOU) stock is a Buy with a C$78.00 price target. To see the full list of analyst forecasts on Tourmaline Oil stock, see the TSE:TOU Stock Forecast page.

Spark’s Take on TSE:TOU Stock

According to Spark, TipRanks’ AI Analyst, TSE:TOU is a Outperform.

Tourmaline Oil’s stock is bolstered by robust financial health and positive corporate events, such as record production and increased dividends, showcasing strong operational and strategic positioning. However, technical indicators suggest caution due to a bearish trend, which slightly detracts from the overall score. Valuation is reasonable, adding to the stock’s appeal as a solid investment option.

To see Spark’s full report on TSE:TOU stock, click here.

More about Tourmaline Oil

Tourmaline Oil Corp. is a Canadian oil and gas company primarily focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company is listed on the Toronto Stock Exchange under the symbol TOU and operates mainly in the Western Canadian Sedimentary Basin.

Average Trading Volume: 2,721,075

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$23.64B

Learn more about TOU stock on TipRanks’ Stock Analysis page.