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 Tourmaline Oil stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of C$63.32 per share, for a total transaction of C$158,310.00.

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

• On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$63.95 per share, for a total transaction of C$159,875.00.
• On Friday, September 20th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$58.40 per share, for a total transaction of C$146,004.50.
• On Tuesday, September 10th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$57.07 per share, for a total transaction of C$285,369.00.
• On Tuesday, September 3rd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$59.54 per share, for a total transaction of C$148,849.50.
• On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.12 per share, for a total transaction of C$305,622.00.
• On Wednesday, August 21st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.59 per share, for a total transaction of C$307,945.00.
• On Tuesday, August 13th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$60.56 per share, for a total transaction of C$302,778.50.

Tourmaline Oil Stock Performance

Shares of TOU stock opened at C$61.85 on Thursday. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$74.21. The stock’s 50-day moving average is C$61.17 and its two-hundred day moving average is C$63.11. The firm has a market cap of C$22.96 billion, a P/E ratio of 14.66, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.09 by C($0.37). The company had revenue of C$1.31 billion for the quarter, compared to the consensus estimate of C$1.37 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. Analysts predict that Tourmaline Oil Corp. will post 6.68037 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

The business also recently declared a None dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.26%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 33.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Desjardins boosted their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Cormark upgraded Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. National Bankshares set a C$72.50 price target on Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group lowered their price target on Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Canaccord Genuity Group boosted their price target on Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$78.38.

Tourmaline Oil Company Profile

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.