Mike Rose Purchases 5,000 Shares of Tourmaline Oil (TSE:TOU) Stock

Posted by Francis Steltz on Aug 7th, 2026

Tourmaline Oil Corp. (TSE:TOU – Get Free Report) insider Mike Rose bought 5,000 shares of Tourmaline Oil stock in a transaction on Wednesday, August 5th. The shares were acquired at an average price of C$60.00 per share, for a total transaction of C$300,000.00. Following the completion of the acquisition, the insider owned 8,132,678 shares of the company’s stock, valued at approximately C$487,960,680. This represents a 0.06% increase in their position.

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

On Friday, July 31st, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$61.84 per share, with a total value of C$309,200.00.
On Friday, June 26th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$59.84 per share, for a total transaction of C$149,600.00.
On Wednesday, June 24th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$59.10 per share, for a total transaction of C$147,750.00.
On Thursday, June 18th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$59.52 per share, for a total transaction of C$297,600.00.
On Monday, June 15th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.04 per share, for a total transaction of C$152,600.00.
On Friday, June 5th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.96 per share, with a total value of C$319,800.00.
On Friday, May 29th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$63.79 per share, with a total value of C$318,950.00.
On Thursday, May 28th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$63.70 per share, for a total transaction of C$159,250.00.
On Monday, May 25th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$65.98 per share, for a total transaction of C$164,950.00.
On Thursday, May 14th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$65.20 per share, for a total transaction of C$326,000.00.

Tourmaline Oil Stock Up 0.7%

Tourmaline Oil stock opened at C$59.56 on Friday. The company has a 50 day moving average of C$61.91 and a 200-day moving average of C$63.25. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 8.24. Tourmaline Oil Corp. has a twelve month low of C$56.72 and a twelve month high of C$70.57. The stock has a market capitalization of C$23.15 billion, a PE ratio of 64.74, a price-to-earnings-growth ratio of 1.72 and a beta of -0.29.

Tourmaline Oil (TSE:TOU – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$1.50 billion for the quarter. Tourmaline Oil had a net margin of 6.50% and a return on equity of 2.37%. On average, equities research analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, 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 3.4%. The ex-dividend date was Monday, June 15th. Tourmaline Oil’s dividend payout ratio is 217.39%.

Wall Street Analysts Forecast Growth

TOU has been the topic of a number of research reports. Desjardins set a C$68.00 price target on Tourmaline Oil and gave the company a “hold” rating in a report on Friday, July 17th. BMO Capital Markets downgraded Tourmaline Oil from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$67.00 to C$70.00 in a report on Thursday, May 7th. TD lifted their target price on Tourmaline Oil from C$65.00 to C$66.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group lifted their target price on Tourmaline Oil from C$72.00 to C$74.00 in a research report on Friday, July 24th. Finally, Canaccord Genuity Group downgraded Tourmaline Oil from a “buy” rating to a “hold” rating and set a C$70.00 price target for the company. in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$70.36.

View Our Latest Report on Tourmaline Oil

Tourmaline Oil Company Profile

(Get Free Report)

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.