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 Tourmaline Oil stock in a transaction on Thursday, February 6th. The stock was acquired at an average cost of C$65.28 per share, with a total value of C$163,190.00.

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

• On Monday, January 27th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$67.43 per share, with a total value of C$168,575.00.
• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 stock was acquired at an average cost of C$68.38 per share, with a total value of C$170,945.00.
• On Monday, December 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.90 per share, with a total value of C$157,252.00.
• On Friday, November 8th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.27 per share, with a total value of C$155,664.50.

Tourmaline Oil Trading Up 2.9 %

TSE:TOU traded up C$1.95 during midday trading on Monday, hitting C$69.25. The stock had a trading volume of 1,441,673 shares, compared to its average volume of 1,449,281. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$70.65. The company has a market capitalization of C$25.71 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.72 and a beta of 1.30. The stock has a 50-day moving average of C$65.80 and a 200 day moving average of C$63.42. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 2.02%. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.32. Tourmaline Oil's dividend payout ratio is 33.18%.

Analysts Set New Price Targets

Several analysts recently commented on TOU shares. 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. National Bankshares lifted their price objective on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. TD Securities cut their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group cut their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a report on Tuesday, October 22nd. Finally, CIBC lifted their price objective on Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$77.82.

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.