Mike Rose Purchases 2,500 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average price of C$67.43 per share, with a total value of C$168,575.00.

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

• On Thursday, January 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought 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 purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Trading Down 0.9 %

TSE TOU opened at C$66.61 on Wednesday. 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 52 week low of C$53.45 and a 52 week high of C$70.65. The stock has a market capitalization of C$24.73 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm has a 50 day moving average of C$65.70 and a two-hundred day moving average of C$63.05.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The firm had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. As a group, research analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, December 16th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s payout ratio is currently 33.18%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TOU. CIBC lifted their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. National Bankshares lifted their price objective on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. TD Securities dropped their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday, December 9th. Finally, Jefferies Financial Group lifted their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Tourmaline Oil presently has an average rating of “Moderate Buy” and an average target price of C$77.82.

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.