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

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

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

• On Tuesday, January 7th, Mike Rose purchased 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Stock Down 1.8 %

Shares of TOU stock traded down C$1.23 on Thursday, hitting C$66.42. 575,827 shares of the stock were exchanged, compared to its average volume of 1,465,323. The business has a 50-day moving average of C$64.83 and a 200 day moving average of C$62.68. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$70.65. The firm has a market capitalization of C$24.66 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. 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 data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). The business had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. Equities analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.11%. 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 is presently 33.18%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TOU. UBS Group boosted their target price on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. TD Securities cut their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Cormark raised shares of Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. Finally, 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 report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.