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

Tourmaline Oil Corp. (TSE:TOUGet Rating) Senior Officer Mike Rose acquired 5,000 shares of Tourmaline Oil stock in a transaction dated Wednesday, January 25th. The shares were acquired at an average price of C$62.77 per share, with a total value of C$313,843.00. Following the transaction, the insider now owns 8,668,872 shares in the company, valued at approximately C$544,132,959.02.

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

  • On Monday, January 23rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$66.76 per share, with a total value of C$333,823.00.
  • On Thursday, January 19th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$67.16 per share, with a total value of C$335,815.00.
  • On Tuesday, January 3rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$64.80 per share, with a total value of C$323,977.00.
  • On Wednesday, December 28th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$68.59 per share, with a total value of C$342,956.00.
  • On Wednesday, November 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$77.43 per share, with a total value of C$387,158.00.

Tourmaline Oil Stock Down 3.0 %

Shares of TSE TOU traded down C$1.97 during mid-day trading on Wednesday, reaching C$62.74. The company had a trading volume of 3,436,319 shares, compared to its average volume of 3,287,966. The company has a market capitalization of C$21.21 billion and a price-to-earnings ratio of 3.97. The stock has a fifty day moving average of C$72.00 and a two-hundred day moving average of C$74.40. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.47 and a current ratio of 1.28. Tourmaline Oil Corp. has a 12-month low of C$42.42 and a 12-month high of C$84.33.

Tourmaline Oil (TSE:TOUGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported C$6.11 earnings per share for the quarter. The business had revenue of C$1.74 billion for the quarter. As a group, equities research analysts expect that Tourmaline Oil Corp. will post 11.9900002 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, December 14th. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.23. Tourmaline Oil’s dividend payout ratio (DPR) is presently 5.10%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus reduced their price objective on shares of Tourmaline Oil from C$82.00 to C$80.00 in a research note on Monday, January 16th. Scotiabank reduced their price objective on shares of Tourmaline Oil from C$117.00 to C$112.00 in a research note on Tuesday, January 17th. National Bankshares upped their price objective on shares of Tourmaline Oil from C$85.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Stifel Firstegy reaffirmed a “buy” rating on shares of Tourmaline Oil in a research note on Thursday, January 12th. Finally, ATB Capital reduced their price objective on shares of Tourmaline Oil from C$100.00 to C$95.00 in a research note on Monday, January 16th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tourmaline Oil has an average rating of “Buy” and a consensus target price of C$90.80.

Tourmaline Oil Company Profile

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Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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