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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of C$67.43 per share, for a total transaction of C$168,575.00.

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

• On Thursday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$66.44 per share, for a total transaction of C$166,109.00.
• On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Trading Down 2.1 %

Shares of TSE TOU traded down C$1.49 during midday trading on Monday, reaching C$67.85. 154,707 shares of the stock were exchanged, compared to its average volume of 1,549,909. The business has a 50-day simple moving average of C$65.54 and a two-hundred day simple moving average of C$62.98. The company has a market capitalization of C$25.19 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 12 month low of C$53.45 and a 12 month high of C$70.65. 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 (TSE:TOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The company had revenue of C$1.47 billion during 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%. As a group, equities research analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.06%. Tourmaline Oil’s payout ratio is 33.18%.

Analyst Ratings Changes

Several analysts have recently commented on TOU shares. 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. UBS Group raised their price objective on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Jefferies Financial Group lifted their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. TD Securities lowered their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, National Bankshares lifted their target price on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$77.82.

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.