Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$168,575.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of C$67.43 per share, with a total value of C$168,575.00.

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

• On Thursday, January 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased 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 bought 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 stock was acquired 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Price Performance

Shares of TOU opened at C$67.20 on Tuesday. The firm has a market capitalization of C$24.95 billion, a PE ratio of 15.92, a price-to-earnings-growth 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. The company’s fifty day moving average price is C$65.62 and its 200-day moving average price is C$63.01. Tourmaline Oil Corp. has a 1-year low of C$53.45 and a 1-year high of C$70.65.

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

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.08%. 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 payout ratio is presently 33.18%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. National Bankshares lifted their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Canaccord Genuity Group cut their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. UBS Group increased their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. CIBC lifted their price objective on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Tourmaline Oil presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.82.

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.