Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of C$15.13 per share, for a total transaction of C$37,820.50. Following the transaction, the insider now owns 10,615,237 shares of the company’s stock, valued at C$160,589,428.38.

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

  • On Monday, January 13th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$15.61 per share, for a total transaction of C$39,018.00.
  • On Tuesday, December 24th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$15.05 per share, for a total transaction of C$75,274.00.
  • On Friday, December 20th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$14.86 per share, for a total transaction of C$37,149.50.
  • On Monday, December 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$13.87 per share, for a total transaction of C$34,662.50.
  • On Monday, December 2nd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.02 per share, for a total transaction of C$30,050.00.
  • On Thursday, November 28th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.43 per share, for a total transaction of C$31,069.00.
  • On Tuesday, November 26th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.50 per share, for a total transaction of C$31,250.00.
  • On Friday, November 22nd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.99 per share, for a total transaction of C$32,475.00.
  • On Monday, November 18th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.92 per share, for a total transaction of C$32,311.00.
  • On Monday, November 11th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$12.60 per share, for a total transaction of C$31,500.00.

Shares of TOU opened at C$15.15 on Thursday. The stock has a market capitalization of $4.24 billion and a P/E ratio of 9.19. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.89. The firm has a fifty day simple moving average of C$14.49 and a two-hundred day simple moving average of C$13.92. Tourmaline Oil Corp has a twelve month low of C$10.45 and a twelve month high of C$22.62.

Tourmaline Oil (TSE:TOU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$462.28 million during the quarter. Sell-side analysts expect that Tourmaline Oil Corp will post 0.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.12 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.48 annualized dividend and a yield of 3.17%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 26.68%.

TOU has been the subject of a number of research reports. CIBC cut their price target on shares of Tourmaline Oil from C$25.00 to C$20.00 in a research note on Tuesday, October 15th. Scotiabank cut their price target on shares of Tourmaline Oil from C$23.00 to C$21.00 in a research note on Tuesday. Canaccord Genuity boosted their price target on shares of Tourmaline Oil from C$17.00 to C$18.00 in a research note on Tuesday. Raymond James reissued an “outperform” rating and issued a C$16.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 7th. Finally, Royal Bank of Canada cut their price target on shares of Tourmaline Oil from C$24.00 to C$18.00 in a research note on Friday, October 18th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$20.13.

About Tourmaline Oil

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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