Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 2,500 Shares

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose purchased 2,500 shares of the business's stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of C$62.27 per share, with a total value of C$155,664.50.

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

• On Tuesday, October 15th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$63.32 per share, with a total value of C$158,310.00.
• On Wednesday, October 9th, Mike Rose acquired 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 bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$58.40 per share, for a total transaction of C$146,004.50.
• On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$59.54 per share, with a total value of C$148,849.50.
• On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was bought 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 cost of C$61.59 per share, for a total transaction of C$307,945.00.
• On Tuesday, August 13th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$60.56 per share, with a total value of C$302,778.50.

Tourmaline Oil Price Performance

TSE TOU traded down C$0.87 during trading on Friday, hitting C$62.29. 1,746,748 shares of the stock traded hands, compared to its average volume of 2,405,734. 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 Corp. has a 12-month low of C$53.45 and a 12-month high of C$70.00. The firm has a 50-day simple moving average of C$62.09 and a 200-day simple moving average of C$63.08. The company has a market capitalization of C$23.12 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU - Get Free Report) last released its quarterly earnings results 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). The company had revenue of C$1.47 billion during the quarter, compared to analysts' expectations of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. As a group, analysts predict that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.

Tourmaline Oil Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their target price on Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 13th. Jefferies Financial Group increased their target price on shares of Tourmaline Oil from C$67.00 to C$73.00 in a report on Thursday. Canaccord Genuity Group decreased their target price on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Cormark upgraded shares of Tourmaline Oil to a "hold" rating in a research report on Monday, September 23rd. Finally, Desjardins lifted their price objective on Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$78.41.

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.