Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases C$166,109.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought 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 purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Stock Up 0.8 %

TSE:TOU opened at C$67.13 on Friday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The firm has a market cap of C$24.92 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.72 and a beta of 1.30. 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 50-day simple moving average of C$64.99 and a two-hundred day simple moving average of C$62.74.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing the consensus estimate of C$1.26 by C($0.26). The firm had revenue of C$1.47 billion for the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.35 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s payout ratio is currently 33.18%.

Wall Street Analysts Forecast Growth

TOU has been the subject of several research reports. National Bankshares increased their target price 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. Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. 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. CIBC increased their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday. Finally, Cormark raised shares of Tourmaline Oil to a “hold” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.