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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of C$61.59 per share, with a total value of C$307,945.00.

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

• On Tuesday, August 13th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$60.56 per share, with a total value of C$302,778.50.
• On Friday, June 14th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$62.88 per share, for a total transaction of C$314,392.00.
• On Wednesday, June 12th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$66.10 per share, for a total transaction of C$165,250.00.
• On Wednesday, May 29th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$66.43 per share, with a total value of C$166,064.50.

Tourmaline Oil Stock Down 0.4 %

Shares of TSE:TOU opened at C$61.67 on Thursday. Tourmaline Oil Corp. has a 1-year low of C$53.45 and a 1-year high of C$74.21. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47. The stock has a market cap of C$21.73 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.72 and a beta of 1.32. The firm has a fifty day moving average price of C$61.42 and a 200 day moving average price of C$62.49.

Tourmaline Oil Cuts Dividend

The firm also recently announced a None dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is 31.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. National Bankshares lifted their target price on Tourmaline Oil from C$70.00 to C$72.50 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Desjardins increased their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group boosted their price objective on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Scotiabank raised their target price on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, CIBC lifted their price target on shares of Tourmaline Oil from C$77.50 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tourmaline Oil has an average rating of “Buy” and a consensus target price of C$79.04.

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.