Tourmaline Oil Corp. (TSE:TOU – Get Free Report) insider Mike Rose purchased 5,000 shares of Tourmaline Oil stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of C$65.20 per share, with a total value of C$326,000.00. Following the completion of the acquisition, the insider owned 8,085,178 shares in the company, valued at approximately C$527,153,605.60. This trade represents a 0.06% increase in their ownership of the stock.
Mike Rose also recently made the following trade(s):
- On Friday, May 8th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$64.60 per share, for a total transaction of C$323,000.00.
- On Friday, April 24th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price 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 shares were bought at an average cost of C$68.50 per share, for a total transaction of C$171,250.00.
Tourmaline Oil Price Performance
TOU stock traded up C$1.23 during trading on Thursday, hitting C$66.62. The company had a trading volume of 559,024 shares, compared to its average volume of 2,735,928. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 7.14. The company has a fifty day moving average price of C$64.53 and a two-hundred day moving average price of C$62.71. Tourmaline Oil Corp. has a fifty-two week low of C$56.72 and a fifty-two week high of C$70.57. The company has a market cap of C$25.87 billion, a P/E ratio of 36.81, a P/E/G ratio of 1.72 and a beta of -0.12.
Tourmaline Oil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, March 16th. Tourmaline Oil’s payout ratio is 110.50%.
Wall Street Analyst Weigh In
TOU has been the subject of a number of research reports. Canaccord Genuity Group lowered Tourmaline Oil from a “buy” rating to a “hold” rating and set a C$70.00 price objective for the company. in a research report on Thursday, May 7th. BMO Capital Markets cut shares of 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 research report on Thursday, May 7th. Royal Bank Of Canada reduced their price target on Tourmaline Oil from C$76.00 to C$72.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Jefferies Financial Group dropped their price objective on Tourmaline Oil from C$72.00 to C$70.00 in a report on Tuesday, January 20th. Finally, ATB Cormark Capital Markets decreased their target price on Tourmaline Oil from C$74.00 to C$73.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and an average price target of C$71.00.
About Tourmaline Oil
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 Stories
- Five stocks we like better than Tourmaline Oil
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
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.
