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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of C$63.30 per share, with a total value of C$158,252.50.

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

• On Thursday, February 6th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$65.28 per share, with a total value of C$163,190.00.
• On Monday, January 27th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$67.43 per share, with a total value of C$168,575.00.
• On Thursday, January 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased 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 bought 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 stock was purchased at an average cost of C$62.90 per share, with a total value of C$157,252.00.

Tourmaline Oil Stock Performance

TOU stock opened at C$63.69 on Friday. The business’s 50-day moving average price is C$67.43 and its two-hundred day moving average price is C$64.41. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The firm has a market cap of C$23.73 billion, a PE ratio of 14.38, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83.

Tourmaline Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a yield of 3.14%. Tourmaline Oil’s payout ratio is currently 31.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. UBS Group lifted their target price on Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th. CIBC lifted their target price on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. 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 investment analysts have rated the stock with a hold rating and nine have assigned 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 target price 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.