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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of C$64.25 per share, with a total value of C$160,612.50.

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

• On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$63.30 per share, with a total value of C$158,252.50.
• On Thursday, February 6th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$65.28 per share, with a total value of C$163,190.00.
• On Monday, January 27th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$67.43 per share, with a total value of C$168,575.00.
• On Thursday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$62.09 per share, with a total value of C$155,216.50.

Tourmaline Oil Stock Down 1.6 %

Shares of TOU stock opened at C$64.42 on Monday. The stock’s 50 day simple moving average is C$67.27 and its 200 day simple moving average is C$64.52. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01. Tourmaline Oil Corp. has a twelve month low of C$55.27 and a twelve month high of C$70.83. The company has a market capitalization of C$24.01 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 31.61%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TOU. Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. UBS Group raised their price objective on Tourmaline Oil from C$79.00 to C$80.00 in a research report on Thursday, February 13th. Jefferies Financial Group raised their price target on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. National Bankshares raised their price target on 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. Finally, CIBC raised their price target on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$78.45.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.