Tourmaline Oil Corp. (TSE:TOU – Get Free Report) insider Mike Rose acquired 5,000 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of C$64.60 per share, with a total value of C$323,000.00. Following the completion of the purchase, the insider owned 8,080,178 shares of the company’s stock, valued at approximately C$521,979,498.80. The trade was a 0.06% increase in their ownership of the stock.
Mike Rose also recently made the following trade(s):
- On Friday, April 24th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$59.45 per share, with a total value of C$297,250.00.
- On Wednesday, March 25th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$68.50 per share, with a total value of C$171,250.00.
Tourmaline Oil Stock Up 1.0%
Shares of Tourmaline Oil stock traded up C$0.66 on Monday, hitting C$65.83. The company had a trading volume of 862,833 shares, compared to its average volume of 2,766,812. The stock has a market capitalization of C$25.56 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.72 and a beta of -0.12. Tourmaline Oil Corp. has a 1 year low of C$56.72 and a 1 year high of C$70.57. The stock has a 50 day moving average of C$64.33 and a 200-day moving average of C$62.58. The company has a debt-to-equity ratio of 7.14, a quick ratio of 0.47 and a current ratio of 0.88.
Tourmaline Oil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. Tourmaline Oil’s dividend payout ratio is currently 110.50%.
Analyst Ratings Changes
Several research firms have recently issued reports on TOU. Jefferies Financial Group reduced their target price on Tourmaline Oil from C$72.00 to C$70.00 in a report on Tuesday, January 20th. Canaccord Genuity Group lowered Tourmaline Oil from a “buy” rating to a “hold” rating and set a C$70.00 target price for the company. in a report on Thursday. BMO Capital Markets lowered Tourmaline Oil from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$67.00 to C$70.00 in a report on Thursday. ATB Cormark Capital Markets reduced their target price on Tourmaline Oil from C$74.00 to C$73.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Finally, Royal Bank Of Canada reduced their target price on Tourmaline Oil from C$76.00 to C$72.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$71.00.
Check Out Our Latest Report on Tourmaline Oil
Tourmaline Oil Company Profile
Tourmaline is Canada’s largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.
Featured Articles
- Five stocks we like better than Tourmaline Oil
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.
