Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Director Acquires 2,500 Shares of Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 2,500 shares of Tourmaline Oil stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$59.85 per share, for a total transaction of C$149,625.00.

Jill Terilee Angevine also recently made the following trade(s):

• On Friday, August 16th, Jill Terilee Angevine acquired 3,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.17 per share, with a total value of C$189,510.00.
• On Tuesday, August 13th, Jill Terilee Angevine bought 1,300 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.29 per share, for a total transaction of C$79,677.00.

Tourmaline Oil Stock Up 4.0 %

TOU stock opened at C$61.41 on Friday. The company has a market capitalization of C$21.64 billion, a P/E ratio of 14.55, a PEG ratio of 1.72 and a beta of 1.31. The firm has a 50 day simple moving average of C$60.07 and a 200-day simple moving average of C$62.82. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$74.21.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 earnings per share for the quarter, missing the consensus estimate of C$1.09 by C($0.37). The company had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. On average, equities research analysts predict that Tourmaline Oil Corp. will post 6.5144766 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

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

Analyst Ratings Changes

TOU has been the topic of several research reports. Jefferies Financial Group cut their price objective on Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Canaccord Genuity Group raised their target price on Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Cormark upgraded Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. National Bankshares set a C$72.50 price objective on shares of Tourmaline Oil and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Tourmaline Oil presently has a consensus rating of “Moderate Buy” and a consensus target price of C$78.38.

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.