Mike Rose Buys 5,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of C$63.63 per share, for a total transaction of C$318,169.00.

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

• On Monday, May 12th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.98 per share, for a total transaction of C$314,917.00.
• On Friday, May 9th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.82 per share, for a total transaction of C$314,097.50.
• On Friday, March 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$64.25 per share, for a total transaction of C$160,612.50.
• On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.30 per share, for a total transaction of C$158,252.50.

Tourmaline Oil Stock Down 0.7%

Shares of TOU opened at C$62.78 on Friday. Tourmaline Oil Corp. has a 52 week low of C$55.27 and a 52 week high of C$70.83. The firm has a market cap of C$23.39 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The firm’s 50-day simple moving average is C$63.64 and its 200 day simple moving average is C$65.02. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.47 and a current ratio of 1.01.

Tourmaline Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s dividend payout ratio is 31.61%.

Wall Street Analysts Forecast Growth

TOU has been the topic of several recent research reports. Cormark upgraded shares of Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Desjardins boosted their price objective on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a “hold” rating in a research note on Tuesday, April 15th. UBS Group lowered their price objective on shares of Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Raymond James set a C$78.00 price objective on shares of Tourmaline Oil and gave the stock an “outperform” rating in a research note on Tuesday, April 8th. Finally, TD Securities lowered their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Tourmaline Oil has an average rating of “Moderate Buy” and a consensus target price of C$76.72.

About Tourmaline Oil

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.