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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of C$68.38 per share, with a total value 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 shares were 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 acquired at an average cost of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 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.
• On Tuesday, October 15th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$63.32 per share, for a total transaction of C$158,310.00.
• On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.95 per share, with a total value of C$159,875.00.

Tourmaline Oil Stock Performance

Shares of TOU stock opened at C$68.72 on Thursday. The stock’s 50-day moving average is C$64.41 and its two-hundred day moving average is C$62.48. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11. Tourmaline Oil Corp. has a 1 year low of C$53.45 and a 1 year high of C$69.70. The firm has a market cap of C$25.51 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last released 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 for the quarter, compared to analysts’ expectations of C$1.63 billion. Analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.35 dividend. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.04%. Tourmaline Oil’s dividend payout ratio is 33.18%.

Analyst Ratings Changes

A number of research firms recently issued reports on TOU. Jefferies Financial Group lifted their target price on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. UBS Group boosted their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research report on Monday, December 9th. National Bankshares upped their target price on shares of 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. Canaccord Genuity Group decreased their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. Finally, Cormark raised shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.