Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Acquires 5,000 Shares of Stock

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose bought 5,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of C$64.68 per share, with a total value 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 shares were purchased at an average cost of C$65.92 per share, for a total transaction of C$329,583.50.
• On Friday, May 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$62.76 per share, with a total value of C$313,824.50.
• On Thursday, May 15th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.63 per share, for a total transaction of C$318,169.00.
• On Monday, May 12th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$62.98 per share, with a total value of C$314,917.00.
• On Friday, May 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$62.82 per share, for a total transaction of C$314,097.50.

Tourmaline Oil Trading Down 1.5%

TOU traded down C$1.01 during trading on Wednesday, reaching C$64.23. 995,690 shares of the company's stock were exchanged, compared to its average volume of 2,263,728. The company's fifty day moving average price is C$63.64 and its 200-day moving average price is C$65.05. The firm has a market capitalization of C$23.94 billion, a PE ratio of 14.50, a P/E/G ratio of 1.72 and a beta of 1.30. 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 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. Stockholders of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. Tourmaline Oil's dividend payout ratio (DPR) is presently 31.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group lowered their target price on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. CIBC decreased their price objective on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Raymond James Financial set a C$78.00 target price on shares of Tourmaline Oil and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Cormark upgraded shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Finally, TD Securities lowered their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.