Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$318,169.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of C$63.63 per share, for a total transaction of C$318,169.00.

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

• On Monday, May 12th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.98 per share, for a total transaction of C$314,917.00.
• On Friday, May 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired 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 bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price 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 stock was purchased at an average price of C$63.30 per share, for a total transaction of C$158,252.50.

Tourmaline Oil Trading Down 0.7%

Shares of TSE:TOU opened at C$62.78 on Friday. Tourmaline Oil Corp. has a 12 month low of C$55.27 and a 12 month high of C$70.83. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. The company’s fifty day simple moving average is C$63.64 and its 200 day simple moving average is C$65.02. The firm has a market cap of C$23.39 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 31.61%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James set a C$78.00 target price on shares of Tourmaline Oil and gave the stock an “outperform” rating in a report on Tuesday, April 8th. Desjardins increased their target price on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. CIBC cut their target price on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Cormark upgraded shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Finally, UBS Group cut their target price on shares of Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. 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.com, the company 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.