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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of C$65.28 per share, with a total value of C$163,190.00.

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

• On Monday, January 27th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$67.43 per share, with a total value of C$168,575.00.
• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Price Performance

TOU opened at C$65.96 on Friday. 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 52-week low of C$53.45 and a 52-week high of C$70.65. The stock has a market capitalization of C$24.49 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The stock’s 50 day moving average price is C$65.70 and its 200-day moving average price is C$63.28.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.26 by C($0.26). Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. The business had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.63 billion. On average, equities research analysts predict that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.35 per share. The ex-dividend date 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 dividend yield of 2.12%. Tourmaline Oil’s payout ratio is currently 33.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOU. National Bankshares lifted their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. CIBC lifted their price target on Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. UBS Group lifted their price target on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Canaccord Genuity Group dropped their price target on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.