Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 2,500 Shares

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of C$63.32 per share, for a total transaction of C$158,310.00.

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

• On Wednesday, October 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price 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 shares were bought at an average price of C$58.40 per share, with a total value of C$146,004.50.
• On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$57.07 per share, for a total transaction of C$285,369.00.
• On Tuesday, September 3rd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$59.54 per share, with a total value of C$148,849.50.
• On Friday, August 30th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$61.12 per share, for a total transaction of C$305,622.00.
• On Wednesday, August 21st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$61.59 per share, for a total transaction of C$307,945.00.
• On Tuesday, August 13th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$60.56 per share, with a total value of C$302,778.50.

Tourmaline Oil Price Performance

Shares of TOU stock opened at C$63.26 on Wednesday. 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 current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The firm’s 50 day moving average is C$61.07 and its 200-day moving average is C$63.11. The firm has a market capitalization of C$23.48 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.72 and a beta of 1.30.

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

Tourmaline Oil Cuts Dividend

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

Wall Street Analysts Forecast Growth

TOU has been the topic of several analyst reports. Canaccord Genuity Group increased their price objective on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Desjardins lifted their price objective on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. National Bankshares set a C$72.50 target price on Tourmaline Oil and gave the stock a “buy” rating in a report on Tuesday, September 24th. 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 research note on Tuesday, August 13th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$78.38.

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.