Jill Terilee Angevine Acquires 3,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 3,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of C$63.17 per share, with a total value of C$189,510.00.

Jill Terilee Angevine also recently made the following trade(s):

• On Tuesday, August 13th, Jill Terilee Angevine acquired 1,300 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$61.29 per share, with a total value of C$79,677.00.

Tourmaline Oil Trading Down 0.8 %

Shares of Tourmaline Oil stock opened at C$61.94 on Wednesday. The stock has a market cap of C$21.83 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.72 and a beta of 1.32. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. Tourmaline Oil Corp. has a 12-month low of C$53.45 and a 12-month high of C$74.21. The business’s 50 day moving average is C$61.42 and its 200-day moving average is C$62.49.

Tourmaline Oil Cuts Dividend

The company also recently declared 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 is Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is currently 31.28%.

Analysts Set New Price Targets

TOU has been the topic of a number of research reports. Scotiabank lifted their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. CIBC raised their price objective on shares of Tourmaline Oil from C$77.50 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Stifel Nicolaus upped their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. UBS Group upgraded Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. Finally, National Bankshares boosted their price target on Tourmaline Oil from C$70.00 to C$72.50 and gave the company an “outperform” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$79.04.

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.