Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Director Purchases C$149,625.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average price of C$59.85 per share, with a total value of C$149,625.00.

Jill Terilee Angevine also recently made the following trade(s):

• On Friday, August 16th, Jill Terilee Angevine acquired 3,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.17 per share, for a total transaction of C$189,510.00.
• On Tuesday, August 13th, Jill Terilee Angevine purchased 1,300 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$61.29 per share, for a total transaction of C$79,677.00.

Tourmaline Oil Trading Up 4.0 %

TSE TOU opened at C$61.41 on Friday. The company has a market cap of C$21.64 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.72 and a beta of 1.31. Tourmaline Oil Corp. has a 12 month low of C$53.45 and a 12 month high of C$74.21. 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 company has a 50-day moving average of C$60.07 and a 200-day moving average of C$62.82.

Tourmaline Oil (TSE:TOU) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.72 EPS for the quarter, missing the consensus estimate of C$1.09 by C($0.37). The company had revenue of C$1.31 billion for the quarter, compared to analyst estimates of C$1.37 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. As a group, equities analysts predict that Tourmaline Oil Corp. will post 6.5144766 earnings per share for the current 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 27th were given a $0.50 dividend. 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%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. UBS Group raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, June 20th. Canaccord Genuity Group raised their price target on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. National Bankshares set a C$72.50 price objective on Tourmaline Oil and gave the company a “buy” rating in a research report on Tuesday. Cormark upgraded Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group cut their target price on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$78.38.

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.