Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$168,575.00 in 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 Monday, January 27th. The shares were acquired at an average price of C$67.43 per share, for a total transaction of C$168,575.00.

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

• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$66.44 per share, for a total transaction of C$166,109.00.
• On Tuesday, January 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought 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 shares were bought 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 bought 2,500 shares of Tourmaline Oil stock. The stock was bought 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 purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.27 per share, for a total transaction of C$155,664.50.

Tourmaline Oil Stock Performance

Shares of TSE TOU opened at C$67.48 on Thursday. The stock has a market cap of C$25.05 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.72 and a beta of 1.30. The stock’s 50-day moving average is C$65.74 and its 200 day moving average is C$63.08. 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$70.65.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The business had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. On average, sell-side analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Analyst Upgrades and Downgrades

TOU has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. UBS Group boosted their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. National Bankshares increased their price objective 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. CIBC boosted their target price on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Finally, TD Securities lowered their price target on 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.82.

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.