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

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price 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 bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$63.79 per share, for a total transaction of C$318,960.00.
• On Wednesday, June 25th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$64.68 per share, for a total transaction of C$323,379.00.
• 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 bought 5,000 shares of Tourmaline Oil stock. The shares were 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 purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired 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 purchased 5,000 shares of Tourmaline Oil stock. The stock was 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 bought at an average price of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Price Performance

Shares of TOU traded down C$0.56 during mid-day trading on Monday, hitting C$62.79. The company's stock had a trading volume of 1,628,420 shares, compared to its average volume of 2,230,875. The firm has a 50-day simple moving average of C$64.02 and a 200 day simple moving average of C$65.21. The firm has a market capitalization of C$23.40 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.72 and a beta of 1.30. 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.19%. Tourmaline Oil's dividend payout ratio is presently 31.61%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group decreased their target price on Tourmaline Oil from C$74.00 to C$71.00 in a research report on Thursday, April 17th. 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 report on Tuesday, April 8th. TD Securities decreased their price target on shares of 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. Desjardins lifted their price objective on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th. Finally, CIBC reduced their target price on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently 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.