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

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of C$64.68 per share, for a total transaction of C$323,379.00.

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

• On Friday, June 13th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$65.92 per share, for a total transaction of C$329,583.50.
• On Friday, May 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.76 per share, for a total transaction of C$313,824.50.
• On Thursday, May 15th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.63 per share, for a total transaction of C$318,169.00.
• On Monday, May 12th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased 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 shares were bought at an average price of C$62.82 per share, for a total transaction of C$314,097.50.

Tourmaline Oil Stock Up 1.3%

Shares of TSE:TOU traded up C$0.87 on Friday, hitting C$65.75. 2,352,424 shares of the company's stock were exchanged, compared to its average volume of 2,253,965. The firm's 50-day moving average is C$63.80 and its 200 day moving average is C$65.09. The company has a market capitalization of C$24.50 billion, a PE ratio of 14.84, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, June 16th. Tourmaline Oil's dividend payout ratio is presently 31.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TOU shares. TD Securities cut their price target on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group cut their price target on Tourmaline Oil from C$74.00 to C$71.00 in a report on Thursday, April 17th. CIBC cut their price target on Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Cormark upgraded Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Finally, Desjardins upped their price target on Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Tourmaline Oil has a consensus 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.