Mike Rose Purchases 2,500 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was purchased at an average cost of C$66.44 per share, for a total transaction of C$166,109.00.

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

• On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 bought at an average price of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Trading Up 0.8 %

TSE TOU opened at C$67.13 on Friday. The firm has a market cap of C$24.92 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 1-year low of C$53.45 and a 1-year high of C$70.65. The stock has a 50-day moving average of C$64.99 and a 200-day moving average of C$62.74. 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 (TSE:TOU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The company had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.63 billion. As a group, sell-side analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Analyst Ratings Changes

TOU has been the subject of a number of research reports. National Bankshares boosted their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. CIBC upped their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday. Canaccord Genuity Group reduced their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Cormark upgraded Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$78.42.

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.