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

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average cost of C$66.44 per share, with a total value of C$166,109.00.

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

• On Tuesday, January 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$62.09 per share, with a total value of C$155,216.50.
• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.90 per share, for a total transaction of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 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.

Tourmaline Oil Stock Up 0.8 %

TOU stock traded up C$0.54 during mid-day trading on Friday, hitting C$67.13. The stock had a trading volume of 1,283,297 shares, compared to its average volume of 1,613,161. Tourmaline Oil Corp. has a 1-year low of C$53.45 and a 1-year high of C$70.65. The company has a fifty day moving average of C$64.90 and a 200 day moving average of C$62.71. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of C$24.92 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.00 EPS for the quarter, missing analysts' consensus estimates of C$1.26 by C($0.26). The firm had revenue of C$1.47 billion during the quarter, compared to analyst estimates of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. On average, equities analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Tourmaline Oil's previous quarterly dividend of $0.32. Tourmaline Oil's dividend payout ratio (DPR) is currently 33.18%.

Wall Street Analyst Weigh In

TOU has been the topic of a number of recent analyst reports. Cormark raised Tourmaline Oil to a "hold" rating in a research report on Monday, September 23rd. CIBC boosted their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday. UBS Group raised their target price on shares of Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday, December 9th. Jefferies Financial Group lifted their target price on shares of Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Two 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$78.42.

About Tourmaline Oil

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.