Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$163,190.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of Tourmaline Oil stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average cost of C$65.28 per share, for a total transaction of C$163,190.00.

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

• On Monday, January 27th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price 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 purchased at an average price of C$66.44 per share, for a total transaction of C$166,109.00.
• On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was 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 shares were 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 bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.90 per share, for a total transaction 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 Performance

TOU traded down C$0.72 during midday trading on Thursday, hitting C$65.84. 523,397 shares of the company were exchanged, compared to its average volume of 1,448,833. The firm has a market capitalization of C$24.44 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company’s 50 day simple moving average is C$65.70 and its 200 day simple moving average is C$63.26. 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 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). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The company had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.63 billion. As a group, sell-side analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.13%. 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 payout ratio is 33.18%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TOU. Jefferies Financial Group boosted their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. UBS Group boosted their price objective on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Canaccord Genuity Group lowered their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. National Bankshares upped 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. Finally, CIBC raised their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.