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Tourmaline Oil Corp
TSX:TOU

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Tourmaline Oil Corp Logo
Tourmaline Oil Corp
TSX:TOU
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Price: 62.33 CAD 1.48% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties. [ Read More ]

The intrinsic value of one TOU stock under the Base Case scenario is 88.08 CAD. Compared to the current market price of 62.33 CAD, Tourmaline Oil Corp is Undervalued by 29%.

Key Points:
TOU Intrinsic Value
Base Case
88.08 CAD
Undervaluation 29%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Tourmaline Oil Corp

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Fundamental Analysis

Tourmaline Delivers Strong Q3, Acquisition Update
2023-Q3 Earnings Call

Tourmaline Delivers Strong Q3, Acquisition Update

Tourmaline Oil Corp reported solid third-quarter results with cash flow of $878 million and net earnings of $275 million. Free cash flow for Q3 stood at $332 million, leading to a special dividend of $1 per share and an increase in annual base dividend from $1.04 to $1.12 per share. The company's full-year 2023 free cash flow is projected to be $1.9 billion. They are in the process of acquiring Bonavista Energy Corporation for $1.45 billion, with closing expected soon. Production was at the upper end of guidance at 502,000 barrels of oil equivalent per day (BOE/d), with 2023 average production guided at 520,000 BOE/d, and 2024 anticipated between 600,000 and 610,000 BOE/d reflective of planned growth. Marketing strategies yielded an average realized natural gas price of CAD 4.56 per mcf, outperforming benchmark prices. A capital budget of $2.15 billion for 2024 is expected to deliver $4.5 billion in cash flow and $2.2 billion in free cash flow, with ongoing commitments to shareholder dividends.

Financials

Balance Sheet Decomposition
Tourmaline Oil Corp

Current Assets 1.3B
Cash & Short-Term Investments 70m
Receivables 671.8m
Other Current Assets 522.9m
Non-Current Assets 16.5B
Long-Term Investments 616.5m
PP&E 15.2B
Other Non-Current Assets 668.3m
Current Liabilities 1.4B
Accounts Payable 912.9m
Other Current Liabilities 513.1m
Non-Current Liabilities 3.3B
Long-Term Debt 468.8m
Other Non-Current Liabilities 2.9B
Efficiency
Fundamental Scores

TOU Profitability Score
Profitability Due Diligence

Tourmaline Oil Corp's profitability score is 65/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Net Income
Positive Operating Income
65/100
Profitability
Score

Tourmaline Oil Corp's profitability score is 65/100. The higher the profitability score, the more profitable the company is.

TOU Solvency Score
Solvency Due Diligence

Tourmaline Oil Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
High Altman Z-Score
Short-Term Solvency
62/100
Solvency
Score

Tourmaline Oil Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

TOU Price Targets Summary
Tourmaline Oil Corp

Wall Street analysts forecast TOU stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TOU is 80.07 CAD with a low forecast of 70.7 CAD and a high forecast of 94.5 CAD.

Lowest
Price Target
70.7 CAD
13% Upside
Average
Price Target
80.07 CAD
28% Upside
Highest
Price Target
94.5 CAD
52% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

TOU Price
Tourmaline Oil Corp

1M 1M
+11%
6M 6M
-12%
1Y 1Y
+8%
3Y 3Y
+234%
5Y 5Y
+309%
10Y 10Y
+68%
Annual Price Range
62.33
52w Low
51.8919
52w High
73.57
Price Metrics
Average Annual Return 54.16%
Standard Deviation of Annual Returns 73.81%
Max Drawdown -68%
Shares Statistics
Market Capitalization 21.2B CAD
Shares Outstanding 340 771 008
Percentage of Shares Shorted 1.56%

TOU Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Tourmaline Oil Corp Logo
Tourmaline Oil Corp

Country

Canada

Industry

Energy

Market Cap

21.2B CAD

Dividend Yield

1.81%

Description

Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties. The company is headquartered in Calgary, Alberta and currently employs 242 full-time employees. The company went IPO on 2010-11-22. The company is focused on long-term growth through an exploration, development, production and acquisition program in the western Canadian sedimentary basin. The company operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The firm has ownership interests in thirteen natural gas plants in the Alberta Deep Basin. The company owns and operates five natural gas processing facilities with aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The company owns and operates two oil batteries at Peace River Triassic Oil basin, which is handling approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.

Contact

ALBERTA
Calgary
2900, 250 6th Ave SW
+14032665992.0
https://www.tourmalineoil.com

IPO

2010-11-22

Employees

242

Officers

Chairman of the Board, President & CEO
Mr. Michael L. Rose P.Geol
CFO & Non-Independent Director
Mr. Brian G. Robinson
Chief Operating Officer
Mr. Earl Henry McKinnon
Vice President of Marketing
Ms. Sherra Aspin
Vice President of Exploration
Mr. Colin Joel Frostad
Chief Legal Officer & External Affairs
Mr. William Scott Kirker
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General Counsel & Corporate Secretary
Ms. Katie Beck
Show Less

See Also

Discover More
What is the Intrinsic Value of one TOU stock?

The intrinsic value of one TOU stock under the Base Case scenario is 88.08 CAD.

Is TOU stock undervalued or overvalued?

Compared to the current market price of 62.33 CAD, Tourmaline Oil Corp is Undervalued by 29%.