Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Purchases 5,000 Shares of Stock

Tourmaline Oil Corp. (TSE:TOUGet Rating) Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction on Monday, January 23rd. The shares were bought at an average price of C$66.76 per share, for a total transaction of C$333,823.00. Following the purchase, the insider now directly owns 8,644,974 shares in the company, valued at approximately C$577,178,231.12.

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

  • On Thursday, January 19th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$67.16 per share, for a total transaction of C$335,815.00.
  • On Tuesday, January 3rd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$64.80 per share, for a total transaction of C$323,977.00.
  • On Wednesday, December 28th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$68.59 per share, for a total transaction of C$342,956.00.
  • On Wednesday, November 9th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$77.43 per share, for a total transaction of C$387,158.00.

Tourmaline Oil Price Performance

TSE TOU opened at C$66.23 on Tuesday. Tourmaline Oil Corp. has a 12 month low of C$41.09 and a 12 month high of C$84.33. The stock has a market cap of C$22.39 billion and a price-to-earnings ratio of 4.07. The company’s 50 day moving average is C$72.31 and its two-hundred day moving average is C$74.41. The company has a current ratio of 1.28, a quick ratio of 0.47 and a debt-to-equity ratio of 3.16.

Tourmaline Oil (TSE:TOUGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported C$6.11 EPS for the quarter. The firm had revenue of C$1.74 billion for the quarter. As a group, research analysts anticipate that Tourmaline Oil Corp. will post 11.9900002 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 30th were paid a dividend of $0.25 per share. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.51%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 5.10%.

Wall Street Analysts Forecast Growth

TOU has been the topic of several research analyst reports. Scotiabank lowered their target price on shares of Tourmaline Oil from C$117.00 to C$112.00 in a research note on Tuesday, January 17th. Barclays set a C$85.00 price objective on shares of Tourmaline Oil and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Stifel Nicolaus lowered their price objective on shares of Tourmaline Oil from C$82.00 to C$80.00 in a research note on Monday, January 16th. National Bankshares increased their price objective on shares of Tourmaline Oil from C$85.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. Finally, Raymond James lowered their price objective on shares of Tourmaline Oil from C$95.00 to C$90.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 16th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$90.80.

About Tourmaline Oil

(Get Rating)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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