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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction dated Monday, January 27th. The shares were bought at an average price of C$67.43 per share, with a total value of C$168,575.00.

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

• On Thursday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Stock Performance

TSE:TOU opened at C$66.61 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$70.65. The stock has a market cap of C$24.73 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm’s fifty day simple moving average is C$65.70 and its 200-day simple moving average is C$63.05.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. Analysts expect that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Tourmaline Oil’s dividend payout ratio is 33.18%.

Wall Street Analyst Weigh In

TOU has been the subject of several research reports. CIBC upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research report on Friday, January 17th. 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 research report on Thursday, December 19th. UBS Group boosted their price objective on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Jefferies Financial Group boosted their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Finally, TD Securities dropped their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$77.82.

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.