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

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 5,000 shares of Tourmaline Oil stock in a transaction on Thursday, July 3rd. The stock was purchased at an average price of C$63.79 per share, for a total transaction of C$318,960.00.

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

• On Wednesday, June 25th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$64.68 per share, with a total value of C$323,379.00.
• On Friday, June 13th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$65.92 per share, for a total transaction of C$329,583.50.
• On Friday, May 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.76 per share, with a total value of C$313,824.50.
• On Thursday, May 15th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$63.63 per share, for a total transaction of C$318,169.00.
• On Monday, May 12th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost 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 shares were acquired at an average price of C$62.82 per share, for a total transaction of C$314,097.50.

Tourmaline Oil Stock Down 1.7%

TSE TOU opened at C$63.59 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. Tourmaline Oil Corp. has a fifty-two week low of C$55.27 and a fifty-two week high of C$70.83. The business has a 50 day moving average price of C$64.00 and a two-hundred day moving average price of C$65.14. The stock has a market cap of C$23.70 billion, a PE ratio of 14.36, 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 was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Monday, June 16th. Tourmaline Oil’s payout ratio is 31.61%.

Analysts Set New Price Targets

Several analysts have commented on the company. CIBC lowered their price target on Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. UBS Group decreased their price target on shares of Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Raymond James Financial set a C$78.00 target price on Tourmaline Oil and gave the company an “outperform” rating in a report on Tuesday, April 8th. Finally, TD Securities lowered their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.