Mike Rose Acquires 5,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 5,000 shares of Tourmaline Oil stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of C$64.65 per share, with a total value of C$323,258.00.

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

• On Friday, March 22nd, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$59.42 per share, with a total value of C$148,543.00.
• On Friday, March 8th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.25 per share, with a total value of C$311,259.00.
• On Monday, February 5th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$55.41 per share, with a total value of C$277,025.00.

Tourmaline Oil Trading Down 0.8 %

TOU opened at C$64.78 on Monday. Tourmaline Oil Corp. has a 52 week low of C$53.45 and a 52 week high of C$74.21. The business has a fifty day simple moving average of C$63.47 and a 200-day simple moving average of C$62.88. The firm has a market cap of C$22.77 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.72 and a beta of 1.40. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 8.04.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$2.00 EPS for the quarter, topping the consensus estimate of C$1.41 by C$0.59. Tourmaline Oil had a return on equity of 12.53% and a net margin of 35.87%. The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.49 billion. On average, equities analysts expect that Tourmaline Oil Corp. will post 4.710507 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.32 per share. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 8th. Tourmaline Oil’s dividend payout ratio (DPR) is currently 23.86%.

Analyst Ratings Changes

TOU has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Tourmaline Oil from C$70.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Desjardins dropped their price target on Tourmaline Oil from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Canaccord Genuity Group upped their price target on Tourmaline Oil from C$72.50 to C$73.50 and gave the company a “buy” rating in a research report on Thursday. Scotiabank lowered their price objective on Tourmaline Oil from C$100.00 to C$90.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Finally, National Bankshares lowered their price objective on Tourmaline Oil from C$80.00 to C$70.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$78.38.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.