Mike Rose Acquires 2,500 Shares of Tourmaline Oil Corp. (TOU.TO) (TSE:TOU) Stock


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Tourmaline Oil Corp. (TOU.TO) (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the stock in a transaction dated Thursday, December 31st. The stock was purchased at an average price of C$17.30 per share, with a total value of C$43,250.00. Following the acquisition, the insider now directly owns 8,758,837 shares in the company, valued at approximately C$151,527,880.10.

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

  • On Tuesday, December 29th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$16.59 per share, with a total value of C$82,948.50.
  • On Thursday, December 24th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$16.80 per share, with a total value of C$84,000.00.
  • On Monday, December 7th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$17.00 per share, with a total value of C$84,979.00.
  • On Wednesday, November 25th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$18.38 per share, with a total value of C$91,883.00.
  • On Thursday, November 19th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$17.25 per share, with a total value of C$86,250.00.
  • On Monday, November 16th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$17.59 per share, with a total value of C$87,935.00.
  • On Wednesday, November 11th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The stock was purchased at an average price of C$18.40 per share, with a total value of C$92,000.00.
  • On Monday, November 9th, Mike Rose acquired 10,000 shares of Tourmaline Oil Corp. (TOU.TO) stock. The shares were bought at an average price of C$18.70 per share, with a total value of C$186,997.00.

TSE TOU opened at C$17.16 on Friday. The company has a debt-to-equity ratio of 20.56, a quick ratio of 0.53 and a current ratio of 0.64. The company has a market capitalization of C$4.67 billion and a price-to-earnings ratio of 92.26. The company’s 50-day simple moving average is C$17.64 and its two-hundred day simple moving average is C$15.96. Tourmaline Oil Corp. has a one year low of C$6.73 and a one year high of C$19.94.

Tourmaline Oil Corp. (TOU.TO) (TSE:TOU) last posted its earnings results on Wednesday, November 4th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.10). The business had revenue of C$518.06 million for the quarter. Equities analysts expect that Tourmaline Oil Corp. will post 1.8499999 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Thursday, December 31st were given a $0.14 dividend. The ex-dividend date was Monday, December 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from Tourmaline Oil Corp. (TOU.TO)’s previous quarterly dividend of $0.12. Tourmaline Oil Corp. (TOU.TO)’s payout ratio is presently 301.08%.

A number of equities research analysts recently weighed in on the stock. TD Securities lifted their price objective on shares of Tourmaline Oil Corp. (TOU.TO) from C$21.00 to C$25.00 and gave the company a “buy” rating in a report on Monday, November 9th. National Bank Financial lifted their price objective on shares of Tourmaline Oil Corp. (TOU.TO) from C$30.00 to C$32.50 and gave the company an “outperform” rating in a report on Wednesday, November 11th. Tudor Pickering & Holt set a C$23.00 price objective on shares of Tourmaline Oil Corp. (TOU.TO) and gave the company a “buy” rating in a report on Wednesday, November 4th. Raymond James lifted their price objective on shares of Tourmaline Oil Corp. (TOU.TO) from C$23.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Finally, Tudor Pickering reiterated a “buy” rating and set a C$23.00 price objective on shares of Tourmaline Oil Corp. (TOU.TO) in a report on Thursday, September 10th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$25.98.

About Tourmaline Oil Corp. (TOU.TO)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was founded in 2008 and is headquartered in Calgary, Canada.

Further Reading: Understanding Specialty Certificates of Deposit

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