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 stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was bought 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 bought at an average cost of C$63.32 per share, for a total transaction of C$158,310.00.
• On Wednesday, October 9th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.95 per share, for a total transaction of C$159,875.00.

Tourmaline Oil Stock Down 1.4 %

Shares of TOU stock traded down C$1.00 during trading hours on Tuesday, hitting C$68.16. 589,488 shares of the company’s stock traded hands, compared to its average volume of 1,721,057. 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 stock’s fifty day simple moving average is C$64.27 and its two-hundred day simple moving average is C$62.40. Tourmaline Oil Corp. has a 12-month low of C$53.45 and a 12-month high of C$69.70. The stock has a market cap of C$25.30 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings results 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 firm had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. On average, analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.35 dividend. 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 annualized dividend and a yield of 2.05%. Tourmaline Oil’s dividend payout ratio is 33.18%.

Wall Street Analyst Weigh In

TOU has been the subject of several analyst reports. UBS Group increased their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. Canaccord Genuity Group dropped their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. TD Securities cut their target price on 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. Cormark raised Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Finally, National Bankshares raised their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and an average target price of C$78.42.

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.