Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 5,000 Shares

Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction on Friday, May 9th. The stock was acquired at an average price of C$62.82 per share, with a total value of C$314,097.50.

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

• On Friday, March 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were 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 acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$63.30 per share, with a total value of C$158,252.50.

Tourmaline Oil Trading Up 1.1%

TOU opened at C$62.55 on Monday. The firm has a market capitalization of C$23.31 billion, a PE ratio of 14.12, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. Tourmaline Oil Corp. has a fifty-two week low of C$55.27 and a fifty-two week high of C$70.83. The company’s 50-day moving average is C$63.65 and its 200 day moving average is C$65.06.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.35. Tourmaline Oil’s dividend payout ratio (DPR) is currently 31.61%.

Wall Street Analyst Weigh In

TOU has been the subject of a number of research reports. Raymond James set a C$78.00 price target on shares of Tourmaline Oil and gave the stock an “outperform” rating in a report on Tuesday, April 8th. Cormark upgraded Tourmaline Oil from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. CIBC dropped their price target on Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. UBS Group cut their price target on Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. Finally, Desjardins boosted their price objective on Tourmaline Oil from C$74.00 to C$76.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tourmaline Oil currently has an average rating of “Moderate Buy” and an average 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.