Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases 5,000 Shares of Stock

Tourmaline Oil Corp. (TSE:TOUGet Rating) Senior Officer Mike Rose purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were acquired at an average price of C$62.77 per share, for a total transaction of C$313,843.00. Following the purchase, the insider now directly owns 8,668,872 shares of the company’s stock, valued at C$544,132,959.02.

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

  • On Monday, January 23rd, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$66.76 per share, for a total transaction of C$333,823.00.
  • On Thursday, January 19th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$67.16 per share, for a total transaction of C$335,815.00.
  • On Tuesday, January 3rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$64.80 per share, with a total value of C$323,977.00.
  • On Wednesday, December 28th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$68.59 per share, with a total value of C$342,956.00.
  • On Wednesday, November 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$77.43 per share, with a total value of C$387,158.00.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock traded down C$1.97 during trading on Wednesday, reaching C$62.74. The company’s stock had a trading volume of 3,436,319 shares, compared to its average volume of 3,287,966. The stock has a 50-day moving average price of C$72.00 and a two-hundred day moving average price of C$74.40. The company has a current ratio of 1.28, a quick ratio of 0.47 and a debt-to-equity ratio of 3.16. Tourmaline Oil Corp. has a one year low of C$42.42 and a one year high of C$84.33. The stock has a market capitalization of C$21.21 billion and a P/E ratio of 3.97.

Tourmaline Oil (TSE:TOUGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported C$6.11 EPS for the quarter. The firm had revenue of C$1.74 billion during the quarter. As a group, sell-side analysts anticipate that Tourmaline Oil Corp. will post 11.9900002 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, December 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 5.10%.

Analyst Ratings Changes

TOU has been the subject of a number of analyst reports. CIBC cut their price objective on Tourmaline Oil from C$100.00 to C$85.00 and set an “outperform” rating for the company in a report on Friday, January 13th. Scotiabank cut their price objective on Tourmaline Oil from C$117.00 to C$112.00 in a report on Tuesday, January 17th. Stifel Firstegy reissued a “buy” rating on shares of Tourmaline Oil in a report on Thursday, January 12th. National Bankshares lifted their price target on Tourmaline Oil from C$85.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Finally, Barclays set a C$85.00 price target on Tourmaline Oil and gave the company an “overweight” rating in a report on Wednesday, January 18th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tourmaline Oil has a consensus rating of “Buy” and an average price target of C$90.80.

About Tourmaline Oil

(Get Rating)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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