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

Tourmaline Oil Corp. (TSE:TOUGet Free Report) Senior Officer Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of C$64.25 per share, with a total value of C$160,612.50.

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

  • On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$63.30 per share, for a total transaction of C$158,252.50.
  • On Thursday, February 6th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$65.28 per share, with a total value of C$163,190.00.
  • On Monday, January 27th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$67.43 per share, for a total transaction of C$168,575.00.
  • On Thursday, January 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$66.44 per share, with a total value of C$166,109.00.
  • On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$68.38 per share, for a total transaction of C$170,945.00.
  • On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.09 per share, with a total value of C$155,216.50.

Tourmaline Oil Stock Performance

TSE TOU traded down C$1.04 on Friday, reaching C$64.42. The stock had a trading volume of 2,799,396 shares, compared to its average volume of 2,147,852. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. The company has a market cap of C$24.01 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm has a fifty day moving average of C$67.32 and a two-hundred day moving average of C$64.47. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is currently 31.61%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TOU. National Bankshares increased their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group raised their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. UBS Group boosted their price target on Tourmaline Oil from C$79.00 to C$80.00 in a research report on Thursday, February 13th. CIBC raised their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Finally, Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Tourmaline Oil presently has an average rating of “Moderate Buy” and an average price target of C$78.45.

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Tourmaline Oil Company Profile

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Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.

Further Reading

Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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