Mike Rose Acquires 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 dated Tuesday, January 7th. The stock was purchased at an average price of C$68.38 per share, for a total transaction of C$170,945.00.

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

• On Monday, December 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$62.09 per share, for a total transaction of C$155,216.50.
• On Thursday, December 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought 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, for a total transaction 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 shares were acquired at an average cost of C$63.95 per share, with a total value of C$159,875.00.

Tourmaline Oil Stock Down 1.3 %

TOU traded down C$0.93 on Tuesday, hitting C$68.23. 1,220,811 shares of the company were exchanged, compared to its average volume of 1,885,435. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$69.70. The company has a market cap of C$25.33 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. 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 firm has a 50-day moving average price of C$64.27 and a two-hundred day moving average price of C$62.40.

Tourmaline Oil (TSE:TOU - Get Free Report) last released its 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). Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. The company had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. On average, equities analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Monday, December 16th. Tourmaline Oil's dividend payout ratio is currently 33.18%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TOU shares. Cormark raised Tourmaline Oil to a "hold" rating in a research note on Monday, September 23rd. Canaccord Genuity Group cut their target price on Tourmaline Oil from C$75.00 to C$74.00 in a research note on Tuesday, October 22nd. National Bankshares raised their target price on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Jefferies Financial Group raised their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday, December 16th. Finally, TD Securities cut their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average 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.