Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$146,004.50 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of C$58.40 per share, for a total transaction of C$146,004.50.

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

• On Tuesday, September 10th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$57.07 per share, with a total value of C$285,369.00.
• On Tuesday, September 3rd, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$59.54 per share, for a total transaction of C$148,849.50.
• On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$61.12 per share, with a total value of C$305,622.00.
• On Wednesday, August 21st, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$61.59 per share, for a total transaction of C$307,945.00.
• On Tuesday, August 13th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$60.56 per share, with a total value of C$302,778.50.

Tourmaline Oil Trading Down 1.8 %

Shares of TOU stock opened at C$58.50 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of C$20.62 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Tourmaline Oil Corp. has a 12-month low of C$53.45 and a 12-month high of C$74.21. The stock’s 50-day moving average price is C$60.21 and its 200-day moving average price is C$62.90.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). The firm had revenue of C$1.31 billion during the quarter, compared to the consensus estimate of C$1.37 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. Equities research analysts predict that Tourmaline Oil Corp. will post 6.5144766 EPS for the current fiscal year.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 2.26%. Tourmaline Oil’s dividend payout ratio (DPR) is currently 33.18%.

Wall Street Analyst Weigh In

TOU has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Jefferies Financial Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares increased their price objective on shares of Tourmaline Oil from C$70.00 to C$72.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. UBS Group raised shares of Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. Finally, Scotiabank raised their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$78.38.

Tourmaline Oil Company Profile

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.