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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of Tourmaline Oil stock in a transaction on Friday, November 8th. The stock was bought at an average cost 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 bought 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 stock was purchased at an average cost of C$63.95 per share, for a total transaction of C$159,875.00.
• On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$58.40 per share, for a total transaction of C$146,004.50.
• On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$57.07 per share, with a total value of C$285,369.00.
• On Tuesday, September 3rd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 bought 5,000 shares of Tourmaline Oil stock. The stock was acquired 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 acquired at an average cost of C$61.59 per share, with a total value of C$307,945.00.
• On Tuesday, August 13th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$60.56 per share, for a total transaction of C$302,778.50.

Tourmaline Oil Stock Down 1.4 %

TSE TOU opened at C$62.29 on Friday. Tourmaline Oil Corp. has a 1-year low of C$53.45 and a 1-year high of C$70.00. The company has a market capitalization of C$23.12 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.72 and a beta of 1.30. The stock’s 50 day moving average is C$62.09 and its two-hundred day moving average is C$63.06. 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 announced its quarterly 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). 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 during the quarter, compared to analyst estimates of C$1.63 billion. Equities analysts forecast that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. National Bankshares set a C$72.50 price target on shares of Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. TD Securities reduced 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 note on Wednesday, October 23rd. Cormark raised Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group upped their price target on Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday. Finally, Canaccord Genuity Group decreased their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$78.41.

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.