Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$155,664.50 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of C$62.27 per share, with a total value of C$155,664.50.

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

• On Tuesday, October 15th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was 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 bought 5,000 shares of Tourmaline Oil stock. The shares were 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 purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$59.54 per share, with a total value of C$148,849.50.
• On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost 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 stock was purchased at an average price 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 shares were purchased at an average price of C$60.56 per share, with a total value of C$302,778.50.

Tourmaline Oil Price Performance

TOU opened at C$62.29 on Friday. The company has a fifty day simple moving average of C$62.09 and a 200 day simple moving average of C$63.06. 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 has a market cap of C$23.12 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 12 month low of C$53.45 and a 12 month high of C$70.00.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. On average, research analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TOU. Canaccord Genuity Group lowered their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday. Desjardins raised their price objective on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. TD Securities dropped their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Scotiabank increased 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, nine have given 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 “Moderate Buy” and an average price target of C$78.41.

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.