Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases C$314,097.50 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of C$62.82 per share, with a total value of C$314,097.50.

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

• On Friday, March 14th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$64.25 per share, for a total transaction of C$160,612.50.
• On Friday, March 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$63.30 per share, with a total value of C$158,252.50.

Tourmaline Oil Trading Up 1.1%

Shares of TOU stock opened at C$62.55 on Monday. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The stock has a market cap of C$23.31 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.72 and a beta of 1.30. The stock has a 50-day moving average of C$63.65 and a 200-day moving average of C$65.06.

Tourmaline Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, March 14th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s dividend payout ratio is currently 31.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TOU. Raymond James set a C$78.00 price target on shares of Tourmaline Oil and gave the company an “outperform” rating in a report on Tuesday, April 8th. CIBC lowered their price target on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Desjardins increased their price target on Tourmaline Oil from C$74.00 to C$76.00 and gave the company a “hold” rating in a research note on Tuesday, April 15th. UBS Group reduced their price objective on Tourmaline Oil from C$74.00 to C$71.00 in a research report on Thursday, April 17th. Finally, TD Securities dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and an average price target of C$76.72.

Tourmaline Oil Company Profile

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.