Jill Terilee Angevine Acquires 1,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine acquired 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of C$66.63 per share, for a total transaction of C$66,630.00.

Tourmaline Oil Stock Performance

TSE:TOU opened at C$66.21 on Friday. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$70.65. 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 simple moving average is C$65.70 and its 200 day simple moving average is C$63.14. The firm has a market capitalization of C$24.58 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

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

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 2.11%. Tourmaline Oil’s dividend payout ratio is 33.18%.

Analyst Upgrades and Downgrades

TOU has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. CIBC raised their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Canaccord Genuity Group cut their price target on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. TD Securities lowered their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group upped their target price on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Tourmaline Oil currently has an average rating of “Moderate Buy” and a consensus price target 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.