Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$157,252.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of C$62.90 per share, for a total transaction of C$157,252.00.

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

• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were 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 shares were purchased at an average price of C$63.32 per share, for a total transaction of C$158,310.00.
• On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.95 per share, with a total value of C$159,875.00.
• On Friday, September 20th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$58.40 per share, for a total transaction of C$146,004.50.

Tourmaline Oil Stock Performance

Tourmaline Oil stock opened at C$63.39 on Friday. The stock has a market cap of C$23.53 billion, a PE ratio of 15.02, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. Tourmaline Oil Corp. has a 12-month low of C$53.45 and a 12-month high of C$69.25. The business’s 50-day moving average price is C$64.24 and its two-hundred day moving average price is C$62.71.

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

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, December 16th. Tourmaline Oil’s dividend payout ratio is presently 33.18%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TOU. Canaccord Genuity Group decreased their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. TD Securities decreased their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. National Bankshares set a C$72.50 price target on Tourmaline Oil and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group lifted their price objective on Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tourmaline Oil has an average rating of “Moderate Buy” and a consensus price target of C$77.96.

About Tourmaline Oil

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.