Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 2,500 Shares

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of C$63.95 per share, with a total value of C$159,875.00.

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

On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$58.40 per share, with a total value of C$146,004.50.
On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$57.07 per share, for a total transaction of C$285,369.00.
On Tuesday, September 3rd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$59.54 per share, with a total value of C$148,849.50.
On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$61.12 per share, with a total value of C$305,622.00.
On Wednesday, August 21st, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$61.59 per share, for a total transaction of C$307,945.00.
On Tuesday, August 13th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$60.56 per share, with a total value of C$302,778.50.

Tourmaline Oil Stock Performance

TOU traded down C$0.82 during trading on Wednesday, hitting C$63.81. 1,626,740 shares of the company traded hands, compared to its average volume of 2,420,939. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$74.21. The stock's fifty day moving average is C$60.63 and its 200 day moving average is C$62.98. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The firm has a market cap of C$23.69 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

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Tourmaline Oil (TSE:TOU - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported C$0.72 earnings per share for the quarter, missing analysts' consensus estimates of C$1.09 by C($0.37). The company had revenue of C$1.31 billion for the quarter, compared to the consensus estimate of C$1.37 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. As a group, equities analysts predict that Tourmaline Oil Corp. will post 6.68037 EPS for the current fiscal year.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a None dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.50 dividend. This represents a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. Tourmaline Oil's dividend payout ratio (DPR) is currently 33.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOU. Desjardins lifted their price objective on shares of Tourmaline Oil from C$72.00 to C$75.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Canaccord Genuity Group boosted their price objective on Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. UBS Group raised Tourmaline Oil to a "hold" rating in a research note on Thursday, June 20th. Scotiabank lifted their target price on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an "outperform" rating in a research report on Tuesday, August 13th. Finally, National Bankshares set a C$72.50 price target on Tourmaline Oil and gave the company a "buy" rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$78.38.

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About Tourmaline Oil

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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.

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