Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine Buys 1,300 Shares

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine bought 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of C$61.29 per share, with a total value of C$79,677.00.

Tourmaline Oil Stock Up 2.1 %

TSE:TOU traded up C$1.29 during trading hours on Thursday, reaching C$63.50. The company’s stock had a trading volume of 600,380 shares, compared to its average volume of 2,466,282. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$74.21. The business’s 50-day moving average is C$61.65 and its 200-day moving average is C$62.40. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.89 and a quick ratio of 0.47. The company has a market cap of C$22.33 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39.

Tourmaline Oil Cuts Dividend

The business also recently announced a None dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 13th. Tourmaline Oil’s payout ratio is currently 25.65%.

Wall Street Analysts Forecast Growth

TOU has been the subject of a number of research analyst reports. Scotiabank upped their target price on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stifel Nicolaus lifted their target price on Tourmaline Oil from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their price objective on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday. National Bankshares boosted their target price on shares of Tourmaline Oil from C$70.00 to C$72.50 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$79.04.

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.