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 Tourmaline Oil stock in a transaction dated Friday, March 14th. The stock was bought at an average price of C$64.25 per share, for a total transaction of C$160,612.50.

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

• On Friday, March 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$63.30 per share, for a total transaction of C$158,252.50.
• On Thursday, February 6th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$65.28 per share, for a total transaction of C$163,190.00.
• On Monday, January 27th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$67.43 per share, for a total transaction of C$168,575.00.
• On Thursday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$66.44 per share, for a total transaction of C$166,109.00.
• On Tuesday, January 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased 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 purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$62.09 per share, for a total transaction of C$155,216.50.

Tourmaline Oil Stock Performance

TSE TOU traded up C$0.17 during trading on Tuesday, reaching C$65.63. 1,737,325 shares of the company's stock were exchanged, compared to its average volume of 2,234,911. Tourmaline Oil Corp. has a fifty-two week low of C$55.27 and a fifty-two week high of C$70.83. The stock has a market capitalization of C$24.46 billion, a P/E ratio of 14.82, a PEG ratio of 1.72 and a beta of 1.30. The business has a 50 day moving average price of C$67.20 and a 200-day moving average price of C$64.53. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47.

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Tourmaline Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, March 14th. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.35. Tourmaline Oil's payout ratio is currently 31.61%.

Analyst Ratings Changes

Several research firms have issued reports on TOU. UBS Group lifted their price target on Tourmaline Oil from C$79.00 to C$80.00 in a research note on Thursday, February 13th. CIBC lifted their price target on Tourmaline Oil from C$75.00 to C$80.00 in a research note on Friday, January 17th. National Bankshares lifted their price target on Tourmaline Oil from C$72.50 to C$75.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Cormark raised Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group lifted their target price on Tourmaline Oil from C$73.00 to C$76.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Tourmaline Oil currently has a consensus rating of "Moderate Buy" and a consensus target price of C$78.45.

Tourmaline Oil Company Profile

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin.