Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$163,190.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were acquired at an average price of C$65.28 per share, with a total value of C$163,190.00.

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

• On Monday, January 27th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$67.43 per share, for a total transaction of C$168,575.00.
• On Thursday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.90 per share, for a total transaction 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 cost of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Price Performance

Shares of TOU traded down C$0.72 during mid-day trading on Thursday, hitting C$65.84. 523,397 shares of the stock were exchanged, compared to its average volume of 1,448,833. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The company has a market cap of C$24.44 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 52-week low of C$53.45 and a 52-week high of C$70.65. The firm has a 50-day moving average of C$65.70 and a two-hundred day moving average of C$63.26.

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

Tourmaline Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.13%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is currently 33.18%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TOU shares. Canaccord Genuity Group decreased their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. National Bankshares lifted 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. 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. Jefferies Financial Group boosted their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Finally, CIBC increased their target price on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$77.82.

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.