Tourmaline Oil Corp. (TSE:TOU) Director Buys C$189,510.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 3,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of C$63.17 per share, with a total value of C$189,510.00.

Jill Terilee Angevine also recently made the following trade(s):

• On Tuesday, August 13th, Jill Terilee Angevine bought 1,300 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.29 per share, with a total value of C$79,677.00.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock opened at C$61.67 on Thursday. The stock has a market cap of C$21.73 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. The stock has a 50 day moving average price of C$61.42 and a 200-day moving average price of C$62.49. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$74.21.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 13th. Tourmaline Oil’s payout ratio is 31.28%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TOU. Desjardins raised their target price on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. CIBC raised their price objective on Tourmaline Oil from C$77.50 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. National Bankshares boosted their target price on Tourmaline Oil from C$70.00 to C$72.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Scotiabank increased their price target on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group lifted their price objective on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$79.04.

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.