Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$157,252.00 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$62.90 per share, for a total transaction of C$157,252.00.

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

• On Friday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.27 per share, with a total value of C$155,664.50.
• On Tuesday, October 15th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$63.32 per share, for a total transaction of C$158,310.00.
• On Wednesday, October 9th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.95 per share, with a total value of C$159,875.00.
• On Friday, September 20th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$58.40 per share, for a total transaction of C$146,004.50.

Tourmaline Oil Price Performance

Shares of TSE:TOU opened at C$63.39 on Friday. The company has a 50-day moving average price of C$64.24 and a two-hundred day moving average price of C$62.74. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$69.25. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of C$23.53 billion, a PE ratio of 15.02, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.26 by C($0.26). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The business had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Equities analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, December 16th. Tourmaline Oil’s payout ratio is presently 33.18%.

Analyst Ratings Changes

Several equities analysts have commented on TOU shares. Cormark raised shares of Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. TD Securities cut their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group upped their price objective on Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. National Bankshares set a C$72.50 target price on Tourmaline Oil and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group increased their price target on shares of Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$77.96.

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.