Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$170,945.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the stock in a transaction on Tuesday, January 7th. The stock was bought at an average price of C$68.38 per share, with a total value of C$170,945.00.

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

• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.27 per share, for a total transaction of C$155,664.50.
• On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$63.32 per share, for a total transaction of C$158,310.00.
• On Wednesday, October 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.95 per share, with a total value of C$159,875.00.

Tourmaline Oil Trading Up 0.3 %

TSE TOU opened at C$68.94 on Friday. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$69.70. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. The firm has a market cap of C$25.59 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.72 and a beta of 1.30. The stock’s 50-day moving average is C$64.50 and its 200-day moving average is C$62.53.

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

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. Tourmaline Oil’s dividend payout ratio is presently 33.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TOU shares. National Bankshares raised their target price on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group lifted their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. UBS Group increased their price target on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. TD Securities decreased their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group cut their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of C$78.42.

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.