Jill Terilee Angevine Purchases 1,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 1,000 shares of Tourmaline Oil stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of C$66.63 per share, with a total value of C$66,630.00.

Tourmaline Oil Price Performance

Shares of TSE TOU traded down C$1.10 during mid-day trading on Friday, reaching C$66.21. The company had a trading volume of 1,455,205 shares, compared to its average volume of 1,512,646. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$70.65. The firm has a market cap of C$24.58 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.72 and a beta of 1.30. The business’s 50-day simple moving average is C$65.73 and its 200 day simple moving average is C$63.11.

Tourmaline Oil (TSE:TOU) last issued its quarterly earnings results 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 company had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. On average, research analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.11%. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TOU shares. Jefferies Financial Group increased their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. National Bankshares increased their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Canaccord Genuity Group dropped their price target on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. TD Securities dropped their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group increased their price target on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price 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.