Tourmaline Oil Corp. (TSE:TOU) Senior Officer William Scott Kirker Sells 66,000 Shares of Stock

Tourmaline Oil Corp. (TSE:TOUGet Free Report) Senior Officer William Scott Kirker sold 66,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$66.37, for a total value of C$4,380,274.80.

Tourmaline Oil Stock Down 3.3 %

TSE:TOU opened at C$64.63 on Wednesday. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$74.21. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The stock’s 50 day moving average price is C$60.55 and its two-hundred day moving average price is C$62.97. The firm has a market capitalization of C$23.99 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOUGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 earnings per share for the quarter, missing the consensus estimate of C$1.09 by C($0.37). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The firm had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. Equities research analysts expect that Tourmaline Oil Corp. will post 6.68037 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.26%. Tourmaline Oil’s payout ratio is 33.18%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TOU. Canaccord Genuity Group increased their target price on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Desjardins raised their price objective 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. Cormark raised shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. UBS Group upgraded Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. Finally, Scotiabank boosted their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tourmaline Oil presently has a consensus rating of “Moderate Buy” and an average target price of C$78.38.

Get Our Latest Stock Report on TOU

Tourmaline Oil Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.