Mike Rose Acquires 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 on Friday, June 13th. The stock was acquired at an average price of C$65.92 per share, for a total transaction of C$329,583.50.

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

• On Friday, May 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$62.76 per share, for a total transaction of C$313,824.50.
• On Thursday, May 15th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$63.63 per share, with a total value of C$318,169.00.
• On Monday, May 12th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$62.98 per share, for a total transaction of C$314,917.00.
• On Friday, May 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Stock Performance

TSE:TOU traded down C$0.24 during trading hours on Monday, reaching C$66.39. The company had a trading volume of 3,249,355 shares, compared to its average volume of 2,297,384. The firm's 50 day moving average price is C$62.59 and its 200-day moving average price is C$64.95. The firm has a market cap of C$24.74 billion, a price-to-earnings ratio of 14.99, a PEG 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 52 week low of C$55.27 and a 52 week high of C$70.83.

Tourmaline Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Monday, June 16th. Tourmaline Oil's dividend payout ratio (DPR) is presently 31.61%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TOU. Cormark upgraded shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. 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. TD Securities lowered their price objective on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Desjardins lifted their target price 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. Finally, UBS Group decreased their price target on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Tourmaline Oil currently has an average rating of "Moderate Buy" and an average price target 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.