Tourmaline Oil Corp (TSE:TOU) Senior Officer Acquires C$39,018.00 in Stock

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of C$15.61 per share, with a total value of C$39,018.00. Following the completion of the transaction, the insider now directly owns 10,601,830 shares of the company’s stock, valued at approximately C$165,464,881.18.

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

  • On Tuesday, December 24th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$15.05 per share, with a total value of C$75,274.00.
  • On Friday, December 20th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$14.86 per share, with a total value of C$37,149.50.
  • On Monday, December 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$13.87 per share, with a total value of C$34,662.50.
  • On Monday, December 2nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.02 per share, with a total value of C$30,050.00.
  • On Thursday, November 28th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.43 per share, with a total value of C$31,069.00.
  • On Tuesday, November 26th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.50 per share, with a total value of C$31,250.00.
  • On Friday, November 22nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.99 per share, with a total value of C$32,475.00.
  • On Monday, November 18th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.92 per share, with a total value of C$32,311.00.
  • On Monday, November 11th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.60 per share, with a total value of C$31,500.00.
  • On Monday, October 28th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$11.51 per share, with a total value of C$28,775.00.

Shares of TSE TOU traded down C$0.14 during trading hours on Tuesday, reaching C$15.45. The stock had a trading volume of 332,567 shares, compared to its average volume of 1,510,422. The business’s fifty day moving average is C$14.39 and its two-hundred day moving average is C$13.94. The company has a debt-to-equity ratio of 22.89, a current ratio of 0.60 and a quick ratio of 0.52. The company has a market cap of $4.24 billion and a price-to-earnings ratio of 9.35. Tourmaline Oil Corp has a twelve month low of C$10.45 and a twelve month high of C$22.62.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$462.28 million during the quarter. Sell-side analysts forecast that Tourmaline Oil Corp will post 0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.11%. Tourmaline Oil’s payout ratio is 26.68%.

A number of research analysts recently commented on the company. Royal Bank of Canada cut their target price on Tourmaline Oil from C$24.00 to C$18.00 in a research note on Friday, October 18th. Tudor Pickering & Holt set a C$16.00 target price on Tourmaline Oil and gave the company a “buy” rating in a research note on Wednesday, December 18th. Raymond James restated an “outperform” rating and issued a C$16.00 target price on shares of Tourmaline Oil in a research note on Thursday, November 7th. CIBC cut their target price on Tourmaline Oil from C$25.00 to C$20.00 in a research note on Tuesday, October 15th. Finally, National Bank Financial cut their target price on Tourmaline Oil from C$23.50 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Tourmaline Oil presently has an average rating of “Buy” and an average target price of C$19.92.

Tourmaline Oil Company Profile

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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