Tourmaline Oil Corp. (TSE:TOU – Get Free Report) declared a None dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.50 per share on Wednesday, August 21st. The ex-dividend date of this dividend is Friday, August 9th.
Tourmaline Oil Stock Up 1.7 %
TSE:TOU traded up C$0.98 during mid-day trading on Wednesday, hitting C$57.66. 5,906,268 shares of the company’s stock traded hands, compared to its average volume of 2,247,575. The company has a fifty day moving average of C$62.46 and a 200 day moving average of C$62.32. Tourmaline Oil has a twelve month low of C$53.45 and a twelve month high of C$74.21. The company has a market capitalization of C$20.28 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.72 and a beta of 1.39. The company has a debt-to-equity ratio of 9.61, a quick ratio of 0.47 and a current ratio of 0.89.
Insider Buying and Selling
In related news, Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of C$66.43 per share, with a total value of C$166,064.50. Insiders purchased 10,000 shares of company stock valued at $645,707 in the last three months. 5.41% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
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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.
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