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

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 Monday, July 7th. The shares were purchased at an average cost of C$62.92 per share, with a total value of C$314,601.00.

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

• On Thursday, July 3rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$63.79 per share, with a total value of C$318,960.00.
• On Wednesday, June 25th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$64.68 per share, with a total value of C$323,379.00.
• 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, with a total value of C$329,583.50.
• On Friday, May 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost 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 bought at an average cost of C$63.63 per share, with a total value of C$318,169.00.
• On Monday, May 12th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought 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 bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Trading Down 0.8%

TSE:TOU traded down C$0.48 on Thursday, reaching C$62.77. 1,092,530 shares of the stock traded hands, compared to its average volume of 2,205,259. The firm has a market capitalization of C$23.39 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company's 50 day moving average is C$64.09 and its 200-day moving average is C$65.19. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 10.13. Tourmaline Oil Corp. has a 1-year low of C$55.27 and a 1-year high of C$70.83.

Tourmaline Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 16th. Tourmaline Oil's dividend payout ratio is presently 31.61%.

Wall Street Analyst Weigh In

TOU has been the subject of a number of research reports. Desjardins increased their target price on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. UBS Group lowered their price objective on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. TD Securities lowered their price objective 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. CIBC lowered their price objective on Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. Finally, Raymond James Financial set a C$78.00 price objective on Tourmaline Oil and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One investment 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 currently has a consensus rating of "Moderate Buy" and an average price target of C$76.72.

Tourmaline Oil Company Profile

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.