Mike Rose Buys 2,500 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of C$62.90 per share, for a total transaction of C$157,252.00.

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

• On Friday, November 8th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.27 per share, with a total value 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, for a total transaction 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, with a total value of C$159,875.00.
• On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$58.40 per share, for a total transaction of C$146,004.50.

Tourmaline Oil Price Performance

TOU stock opened at C$63.39 on Friday. Tourmaline Oil Corp. has a 1 year low of C$53.45 and a 1 year high of C$69.25. The stock has a market capitalization of C$23.53 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company’s 50-day moving average is C$64.24 and its 200-day moving average is C$62.74. 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 (TSE:TOU) last announced 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). The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Equities research analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.35 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.21%. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s dividend payout ratio (DPR) is presently 33.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TOU. 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. 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 set a C$72.50 price target on shares of Tourmaline Oil and gave the company a “buy” rating in a research report on Tuesday, September 24th. Cormark raised Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group upped their target price on Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tourmaline Oil has an average rating of “Moderate Buy” and an average price target of C$77.96.

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.