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

Tourmaline Oil Corp. (TSE:TOUGet Free Report) Senior Officer Mike Rose purchased 5,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of C$55.41 per share, for a total transaction of C$277,025.00.

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

  • On Wednesday, January 17th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$58.20 per share, for a total transaction of C$291,021.00.
  • On Wednesday, December 6th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$63.05 per share, for a total transaction of C$157,624.00.
  • On Wednesday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$67.86 per share, for a total transaction of C$169,650.00.

Tourmaline Oil Stock Performance

Shares of TSE TOU opened at C$54.96 on Wednesday. The firm has a 50 day moving average of C$59.98 and a 200 day moving average of C$65.87. The company has a current ratio of 0.89, a quick ratio of 0.47 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of C$18.73 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36. Tourmaline Oil Corp. has a 12-month low of C$52.34 and a 12-month high of C$74.21.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.28 dividend. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, December 14th. Tourmaline Oil’s dividend payout ratio is presently 38.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TOU shares. Stifel Nicolaus lifted their target price on shares of Tourmaline Oil from C$77.00 to C$78.00 and gave the company a “buy” rating in a research note on Monday, October 16th. National Bankshares cut their target price on shares of Tourmaline Oil from C$80.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets cut their target price on shares of Tourmaline Oil from C$82.00 to C$78.00 in a research note on Tuesday, December 12th. ATB Capital cut their target price on shares of Tourmaline Oil from C$92.00 to C$85.00 in a research note on Tuesday, January 2nd. Finally, Raymond James lowered their price target on shares of Tourmaline Oil from C$90.00 to C$85.00 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$79.04.

Read Our Latest Analysis on Tourmaline Oil

Tourmaline Oil Company Profile

(Get Free Report)

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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