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 purchased 2,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of C$62.09 per share, with a total value of C$155,216.50.

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

• On Thursday, December 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased 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 acquired at an average cost of C$62.27 per share, for a total transaction of C$155,664.50.
• On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost 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 stock was 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 shares were purchased at an average cost of C$58.40 per share, with a total value of C$146,004.50.

Tourmaline Oil Stock Performance

Shares of TSE:TOU traded down C$1.10 during midday trading on Monday, reaching C$61.94. The company had a trading volume of 1,563,270 shares, compared to its average volume of 2,401,780. Tourmaline Oil Corp. has a 52-week low of C$53.45 and a 52-week high of C$69.25. 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 company's 50 day moving average price is C$64.24 and its 200 day moving average price is C$62.67. The stock has a market cap of C$22.99 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.72 and a beta of 1.30.

Tourmaline Oil (TSE:TOU - Get Free Report) last posted its quarterly earnings results 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 company had revenue of C$1.47 billion during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.35 dividend. This is a positive change from Tourmaline Oil's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.26%. Tourmaline Oil's dividend payout ratio is presently 33.18%.

Wall Street Analyst Weigh In

Several brokerages have commented on TOU. Jefferies Financial Group boosted their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research note on Monday. Canaccord Genuity Group dropped their price target on shares of Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Cormark raised shares of Tourmaline Oil to a "hold" rating in a research report on Monday, September 23rd. UBS Group boosted their price target on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Finally, TD Securities dropped their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$78.21.

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.