Tourmaline Oil Corp. shares increased by 1.61% in response to recent market activity.
Tourmaline Oil Corp. (TSX:TOU) shares climbed 1.61% to close at C$62.61 on October 4, 2026. This increase is part of a larger trend, as the stock has gained 3.33% in the past week and 5.04% year-to-date, reflecting rising investor interest in the energy sector.
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Tourmaline Oil Corp.
TOU.TO
TOU.TO
Tourmaline Oil Corp.
WealthAwesomeMarket cap
$24.48B
P/E
67.7x
Div. yield
3.23%
Div. / share
$2.00
52W high
$69.45
52W low
$56.61
1W change
+3.33%
Beta
0.40
Analyst Price Targets
Based on analyst covering TOU · as of Oct 2, 2026
Wall Street analysts forecast TOU stock price to rise 11.8% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$70.43
+11.8% Upside
Previously C$70.89 on Sep 29, 2026
Current Price
C$62.99
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TOU's historical volatility
30-Day Vol
25.0%
Annualized
90-Day Vol
23.7%
Annualized
Trend (90d)
+14.8%
Annualized drift
90d Mean
C$66.41
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$64.11 | C$58.82 – C$69.88 |
| 60 trading days | C$65.25 | C$57.77 – C$73.70 |
| 90 trading days | C$66.41 | C$57.21 – C$77.09 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Tourmaline Oil's recent share performance reflects broader trends in the energy market.
Tourmaline Oil's Stock Volume at 294,012 Shares, Below Average
The trading volume was significantly lower than the 20-day average of 2,826,250 shares, indicating reduced trading activity.
Bull case
Tourmaline Oil has a market capitalization of about C$24.48 billion. Analysts have a moderately positive outlook, suggesting there may be room for future growth.
Bear case
Despite the recent uptick, the stock's price is still below its 52-week high of C$69.45, which could pose challenges for further upward movement.
Tourmaline Oil's Recent Share Performance
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On October 4, 2026, Tourmaline Oil Corp. saw its shares increase by 1.61%, closing at C$62.61. This uptick is part of a broader positive trend for the stock, which has seen a 3.33% rise over the past week and a 5.04% increase year-to-date. The stock is currently trading within 47% of its 52-week range, which spans from C$56.61 to C$69.45, suggesting that it is positioned relatively well within its historical performance.
Trading Volume Insights
The latest trading volume for Tourmaline Oil was recorded at 294,012 shares, significantly lower than the 20-day average volume of 2,826,250 shares. This indicates reduced trading activity compared to recent weeks. This volume represents only 0.75 times the average, suggesting that investor engagement may be waning at this point. Despite this lower volume, the stock's price remained above its 50-day moving average of C$61.65, which is a positive indicator for some investors.
Market Context and Valuation
Tourmaline Oil's P/E ratio currently stands at 67.73, reflecting high investor expectations for future earnings growth. Analysts have an average target price of C$70.43 for the stock, implying an upside potential of about 12.5% from the current price. The company's market capitalization is around C$24.48 billion, with a profit margin of 7.8% and a return on equity of 2.3%. These fundamentals may attract investors looking for exposure in the energy sector.
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