Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$170,945.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.

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

• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose bought 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.
• On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$63.95 per share, for a total transaction of C$159,875.00.

Tourmaline Oil Price Performance

Shares of TSE TOU opened at C$68.94 on Friday. The firm has a market cap of C$25.59 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The business’s 50 day moving average is C$64.50 and its 200-day moving average is C$62.53. 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 Corp. has a 1-year low of C$53.45 and a 1-year high of C$69.70.

Tourmaline Oil (TSE:TOU) last issued 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). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. Equities research 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. This is a positive change 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 (DPR) is currently 33.18%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TOU. UBS Group boosted their target price on shares of Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday, December 9th. TD Securities dropped 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 report on Wednesday, October 23rd. National Bankshares raised 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. Cormark raised Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group raised their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, nine 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of C$78.42.

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.