Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$314,917.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of C$62.98 per share, for a total transaction of C$314,917.00.

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

• On Friday, May 9th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.82 per share, for a total transaction of C$314,097.50.
• On Friday, March 14th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$64.25 per share, with a total value of C$160,612.50.
• On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$63.30 per share, for a total transaction of C$158,252.50.

Tourmaline Oil Stock Up 1.2%

Shares of TOU traded up C$0.75 during midday trading on Monday, reaching C$63.30. The stock had a trading volume of 244,117 shares, compared to its average volume of 2,198,557. 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 debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. The company has a market cap of C$23.59 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.72 and a beta of 1.30. The company’s fifty day simple moving average is C$63.65 and its two-hundred day simple moving average is C$65.06.

Tourmaline Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, March 14th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s dividend payout ratio (DPR) is 31.61%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James set a C$78.00 price target on Tourmaline Oil and gave the company an “outperform” rating in a research note on Tuesday, April 8th. CIBC dropped their price target on shares of Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. UBS Group reduced their price target on shares of Tourmaline Oil from C$74.00 to C$71.00 in a research report on Thursday, April 17th. Desjardins lifted their price objective on Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. Finally, Cormark raised shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.