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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of C$63.30 per share, for a total transaction of C$158,252.50.

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

• On Thursday, February 6th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$65.28 per share, for a total transaction of C$163,190.00.
• On Monday, January 27th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$67.43 per share, for a total transaction of C$168,575.00.
• On Thursday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$66.44 per share, for a total transaction of C$166,109.00.
• On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.90 per share, for a total transaction of C$157,252.00.

Tourmaline Oil Stock Performance

Shares of TOU stock opened at C$63.69 on Friday. Tourmaline Oil Corp. has a one year low of C$55.27 and a one year high of C$70.83. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01. The company has a 50 day moving average price of C$67.44 and a 200 day moving average price of C$64.38. The firm has a market capitalization of C$23.73 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a yield of 3.14%. Tourmaline Oil’s dividend payout ratio is 31.61%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TOU shares. National Bankshares upped their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. CIBC upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Jefferies Financial Group upped their price target on shares of Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. Finally, UBS Group upped their price target on shares of Tourmaline Oil from C$79.00 to C$80.00 in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$78.45.

About Tourmaline Oil

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.