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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 5,000 shares of the company’s stock in a transaction on Friday, June 13th. The stock was purchased at an average cost of C$65.92 per share, for a total transaction of C$329,583.50.

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

• On Friday, May 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.76 per share, with a total value of C$313,824.50.
• On Thursday, May 15th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$63.63 per share, with a total value of C$318,169.00.
• On Monday, May 12th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.98 per share, with a total value of C$314,917.00.
• On Friday, May 9th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Stock Performance

Shares of TOU stock opened at C$66.63 on Friday. The company’s fifty day simple moving average is C$62.59 and its 200-day simple moving average is C$64.96. Tourmaline Oil Corp. has a 52 week low of C$55.27 and a 52 week high of C$70.83. 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 company has a market cap of C$24.83 billion, a PE ratio of 15.04, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Monday, June 16th. Tourmaline Oil’s payout ratio is 31.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. Raymond James set a C$78.00 target price on shares of Tourmaline Oil and gave the company an “outperform” rating in a report on Tuesday, April 8th. CIBC reduced their target price on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. TD Securities reduced their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Desjardins upped their target price on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.72.

About Tourmaline Oil

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.