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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.

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

• On Monday, December 16th, Mike Rose bought 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.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$62.27 per share, for a total transaction of C$155,664.50.
• On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$63.95 per share, for a total transaction of C$159,875.00.

Tourmaline Oil Stock Down 1.3 %

Shares of TSE TOU opened at C$68.23 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. The firm has a market cap of C$25.33 billion, a PE ratio of 16.17, a P/E/G ratio of 1.72 and a beta of 1.30. The company’s fifty day simple moving average is C$64.35 and its 200 day simple moving average is C$62.44. Tourmaline Oil Corp. has a 12-month low of C$53.45 and a 12-month high of C$69.70.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 earnings per share (EPS) 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 the consensus estimate of C$1.63 billion. As a group, sell-side analysts forecast that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Monday, December 16th. This is a boost from Tourmaline Oil’s previous quarterly dividend of $0.32. Tourmaline Oil’s dividend payout ratio (DPR) is 33.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TOU. TD Securities lowered their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group lifted their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Jefferies Financial Group increased their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. National Bankshares boosted their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Canaccord Genuity Group decreased their price objective on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tourmaline Oil presently has an average rating of “Moderate Buy” and a consensus target price of C$78.42.

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.