Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases C$155,216.50 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of C$62.09 per share, with a total value of C$155,216.50.

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

• On Thursday, December 12th, Mike Rose acquired 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 bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.27 per share, for a total transaction of C$155,664.50.
• On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$63.95 per share, for a total transaction of C$159,875.00.
• On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$58.40 per share, with a total value of C$146,004.50.

Tourmaline Oil Trading Down 1.6 %

Shares of TOU stock traded down C$0.98 on Monday, reaching C$62.06. 178,718 shares of the company’s stock were exchanged, compared to its average volume of 2,396,026. The company’s fifty day simple moving average is C$64.24 and its 200 day simple moving average is C$62.67. Tourmaline Oil Corp. has a 52 week low of C$53.45 and a 52 week high of C$69.25. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of C$23.04 billion, a PE ratio of 15.02, 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 for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The business had revenue of C$1.47 billion for the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. As a group, analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.35 dividend. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, December 16th. Tourmaline Oil’s dividend payout ratio is currently 33.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Cormark upgraded shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. National Bankshares set a C$72.50 price target on shares of Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group lifted their price target on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Jefferies Financial Group upped their price objective on Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group dropped their target price on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.96.

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.