Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases C$165,250.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of C$66.10 per share, with a total value of C$165,250.00.

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

• On Friday, June 14th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.88 per share, with a total value of C$314,392.00.
• On Wednesday, May 29th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$66.43 per share, with a total value of C$166,064.50.
• On Friday, May 3rd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$64.65 per share, with a total value of C$323,258.00.
• On Friday, March 22nd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$59.42 per share, with a total value of C$148,543.00.

Tourmaline Oil Stock Performance

TSE TOU opened at C$63.13 on Friday. Tourmaline Oil Corp. has a 1 year low of C$53.45 and a 1 year high of C$74.21. 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 stock has a market capitalization of C$22.20 billion, a PE ratio of 12.65, a P/E/G ratio of 1.72 and a beta of 1.39. The company’s 50 day simple moving average is C$66.34 and its two-hundred day simple moving average is C$62.30.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, May 1st. The company reported C$0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.37 by C($0.68). Tourmaline Oil had a return on equity of 12.72% and a net margin of 35.78%. The firm had revenue of C$1.31 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. Analysts predict that Tourmaline Oil Corp. will post 4.4043109 earnings per share for the current fiscal year.

Tourmaline Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, June 14th. Tourmaline Oil’s dividend payout ratio is presently 25.65%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. CIBC increased their target price on shares of Tourmaline Oil from C$77.50 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Desjardins dropped their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. TD Securities dropped their price target on shares of Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Jefferies Financial Group upped their price target on shares of Tourmaline Oil from C$70.00 to C$75.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, BMO Capital Markets dropped their price target on shares of Tourmaline Oil from C$78.00 to C$75.00 in a research note on Thursday, March 28th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tourmaline Oil has a consensus rating of “Buy” and a consensus target price of C$78.38.

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.