Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine Acquires 1,300 Shares

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine acquired 1,300 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of C$61.29 per share, for a total transaction of C$79,677.00.

Tourmaline Oil Stock Performance

TSE:TOU opened at C$62.95 on Friday. The company has a debt-to-equity ratio of 9.61, a quick ratio of 0.47 and a current ratio of 0.89. The company has a fifty day moving average of C$61.51 and a two-hundred day moving average of C$62.41. The stock has a market capitalization of C$22.14 billion, a PE ratio of 12.62, a P/E/G ratio of 1.72 and a beta of 1.39. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$74.21.

Tourmaline Oil Cuts Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 13th. Tourmaline Oil’s dividend payout ratio is presently 25.65%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group raised shares of Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. CIBC upped their price objective on shares of Tourmaline Oil from C$77.50 to C$80.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Desjardins increased their price target on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. National Bankshares increased their price target on shares of Tourmaline Oil from C$70.00 to C$72.50 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Finally, Scotiabank increased their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$79.04.

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.