Mike Rose Buys 2,500 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of C$68.38 per share, with a total value of C$170,945.00.

Mike Rose also recently made the following trade(s):

• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.27 per share, with a total value of C$155,664.50.
• On Tuesday, October 15th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.95 per share, for a total transaction of C$159,875.00.

Tourmaline Oil Price Performance

TSE:TOU traded down C$1.00 during trading hours on Tuesday, hitting C$68.16. The stock had a trading volume of 589,488 shares, compared to its average volume of 1,721,057. The company has a 50 day simple moving average of C$64.27 and a two-hundred day simple moving average of C$62.40. The firm has a market capitalization of C$25.30 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$69.70.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The business had revenue of C$1.47 billion for the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Research analysts forecast that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.05%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is 33.18%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TOU shares. National Bankshares increased their target price on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. TD Securities lowered their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Cormark upgraded Tourmaline Oil to a “hold” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group lowered their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tourmaline Oil has a consensus rating of “Moderate Buy” and an average price target of C$78.42.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.