Mike Rose Purchases 2,500 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of C$63.32 per share, with a total value of C$158,310.00.

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

• On Wednesday, October 9th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost 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 stock was bought at an average cost of C$58.40 per share, with a total value of C$146,004.50.
• On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$57.07 per share, for a total transaction of C$285,369.00.
• On Tuesday, September 3rd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$59.54 per share, for a total transaction of C$148,849.50.
• On Friday, August 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$61.12 per share, for a total transaction of C$305,622.00.
• On Wednesday, August 21st, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$61.59 per share, for a total transaction of C$307,945.00.
• On Tuesday, August 13th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$60.56 per share, for a total transaction of C$302,778.50.

Tourmaline Oil Trading Down 2.2 %

Shares of TOU stock opened at C$61.85 on Thursday. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$74.21. The stock has a market cap of C$22.96 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.72 and a beta of 1.30. The business has a fifty day simple moving average of C$61.17 and a 200-day simple moving average of C$63.11. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.72 EPS for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.37). The company had revenue of C$1.31 billion for the quarter, compared to analysts’ expectations of C$1.37 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. On average, analysts forecast that Tourmaline Oil Corp. will post 6.68037 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a None dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.50 dividend. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. Tourmaline Oil’s dividend payout ratio is currently 33.18%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Cormark raised Tourmaline Oil to a “hold” rating in a report on Monday, September 23rd. Desjardins increased their price objective on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Scotiabank increased their price objective on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. National Bankshares set a C$72.50 price objective on Tourmaline Oil and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, UBS Group raised Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.