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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was bought at an average cost of C$65.28 per share, for a total transaction of C$163,190.00.

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

• On Monday, January 27th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$67.43 per share, for a total transaction of C$168,575.00.
• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought 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 purchased 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 shares were acquired 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 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 purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Stock Performance

TSE:TOU opened at C$65.96 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.47 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$70.65. The stock has a 50-day moving average price of C$65.70 and a 200 day moving average price of C$63.28. The stock has a market capitalization of C$24.49 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last released its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.63 billion. Equities research analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. Tourmaline Oil’s dividend payout ratio is presently 33.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TOU. UBS Group upped their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. National Bankshares upped their price objective on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. CIBC upped their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Jefferies Financial Group upped their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Finally, TD Securities reduced their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.