Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires C$158,252.50 in Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$63.30 per share, with a total value of C$158,252.50.

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

• On Thursday, February 6th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$65.28 per share, with a total value of C$163,190.00.
• On Monday, January 27th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$67.43 per share, for a total transaction of C$168,575.00.
• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$66.44 per share, with a total value of C$166,109.00.
• On Tuesday, January 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.90 per share, for a total transaction of C$157,252.00.

Tourmaline Oil Stock Performance

TSE TOU traded up C$0.30 during trading hours on Friday, reaching C$63.17. The company’s stock had a trading volume of 1,694,020 shares, compared to its average volume of 1,675,341. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. The business has a 50-day simple moving average of C$67.45 and a 200 day simple moving average of C$64.37. Tourmaline Oil Corp. has a 52 week low of C$55.27 and a 52 week high of C$70.83. The stock has a market cap of C$23.54 billion, a PE ratio of 14.26, 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 will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s payout ratio is currently 31.61%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TOU. CIBC upped their target price on shares of Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. UBS Group upped their price objective on shares of Tourmaline Oil from C$79.00 to C$80.00 in a research report on Thursday, February 13th. National Bankshares lifted their target price on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Jefferies Financial Group lifted their price objective on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$78.45.

About Tourmaline Oil

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.