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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of C$64.25 per share, for a total transaction of C$160,612.50.

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

• On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.30 per share, for a total transaction of C$158,252.50.
• On Thursday, February 6th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 stock was purchased at an average price of C$62.09 per share, with a total value of C$155,216.50.

Tourmaline Oil Stock Down 1.6 %

Tourmaline Oil stock opened at C$64.42 on Friday. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83. The firm has a market capitalization of C$24.01 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The firm has a 50 day simple moving average of C$67.27 and a 200 day simple moving average of C$64.51.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Tourmaline Oil’s payout ratio is currently 31.61%.

Wall Street Analyst Weigh In

TOU has been the subject of several analyst reports. National Bankshares increased their price objective on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. UBS Group increased their price objective on shares of Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th. Jefferies Financial Group increased their price objective on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. CIBC increased their price objective on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. Finally, Cormark upgraded shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Tourmaline Oil presently has an average rating of “Moderate Buy” and a consensus price target of C$78.45.

Tourmaline Oil Company Profile

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.