Mike Rose Buys 5,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of C$62.88 per share, for a total transaction of C$314,392.00.

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

• On Wednesday, June 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$66.10 per share, for a total transaction of C$165,250.00.
• On Wednesday, May 29th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$66.43 per share, for a total transaction of C$166,064.50.
• On Friday, May 3rd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$64.65 per share, with a total value of C$323,258.00.
• On Friday, March 22nd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$59.42 per share, with a total value of C$148,543.00.

Tourmaline Oil Stock Performance

Shares of TOU opened at C$63.13 on Friday. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.89 and a quick ratio of 0.47. The stock has a 50-day moving average of C$66.34 and a 200-day moving average of C$62.28. The company has a market cap of C$22.20 billion, a PE ratio of 12.65, a P/E/G ratio of 1.72 and a beta of 1.39. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$74.21.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, May 1st. The company reported C$0.69 EPS for the quarter, missing the consensus estimate of C$1.37 by C($0.68). The firm had revenue of C$1.31 billion during the quarter, compared to analyst estimates of C$1.57 billion. Tourmaline Oil had a net margin of 35.78% and a return on equity of 12.72%. On average, equities research analysts predict that Tourmaline Oil Corp. will post 4.4043109 EPS for the current fiscal year.

Tourmaline Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a $0.32 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. Tourmaline Oil’s dividend payout ratio is presently 25.65%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Canaccord Genuity Group raised their target price on Tourmaline Oil from C$72.50 to C$73.50 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. CIBC raised their target price on Tourmaline Oil from C$77.50 to C$80.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. TD Securities lowered their target price on Tourmaline Oil from C$75.00 to C$72.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Jefferies Financial Group raised their target price on Tourmaline Oil from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, ATB Capital lowered their price objective on Tourmaline Oil from C$85.00 to C$80.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$78.38.

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.