Jill Terilee Angevine Purchases 1,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of C$66.63 per share, for a total transaction of C$66,630.00.

Tourmaline Oil Stock Down 1.6 %

Shares of TSE TOU traded down C$1.10 during midday trading on Friday, hitting C$66.21. 1,455,205 shares of the stock traded hands, compared to its average volume of 1,512,646. The company has a market cap of C$24.58 billion, a PE ratio of 15.69, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$70.65. The business has a 50 day moving average price of C$65.73 and a two-hundred day moving average price of C$63.11. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11.

Tourmaline Oil (TSE:TOU) last released 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 firm had revenue of C$1.47 billion for 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%. On average, equities analysts predict that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.35 per share. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.11%. Tourmaline Oil’s payout ratio is presently 33.18%.

Analysts Set New Price Targets

A number of research firms recently commented on TOU. UBS Group lifted their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. National Bankshares lifted their price objective on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. TD Securities cut their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. CIBC lifted their target price on Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Finally, Canaccord Genuity Group lowered their target price on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Tourmaline Oil presently has an average rating of “Moderate Buy” and an average 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.