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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction dated Thursday, January 16th. The shares were bought at an average cost of C$66.44 per share, for a total transaction of C$166,109.00.

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

• On Tuesday, January 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought 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 purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased 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$67.13 on Friday. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$70.65. The firm’s 50-day simple moving average is C$64.99 and its two-hundred day simple moving average is C$62.74. The stock has a market cap of C$24.92 billion, a PE ratio of 15.91, 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 quick ratio of 0.47 and a current ratio of 1.11.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share 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 analysts’ expectations of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. Analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s payout ratio is currently 33.18%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Securities dropped their price objective on 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. Canaccord Genuity Group dropped their price target on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. National Bankshares boosted their price objective on shares of 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. Cormark raised shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Finally, UBS Group boosted their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$78.42.

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.