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

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose purchased 5,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were acquired at an average cost 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 purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired 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 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 purchased 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 purchased 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 Stock Up 1.1%

Shares of TSE TOU traded up C$0.74 during midday trading on Friday, hitting C$66.63. The stock had a trading volume of 6,048,528 shares, compared to its average volume of 2,289,034. Tourmaline Oil Corp. has a 52 week low of C$55.27 and a 52 week high of C$70.83. The business's 50 day moving average is C$62.59 and its 200-day moving average is C$64.95. The company has a market cap of C$24.83 billion, a P/E ratio of 15.04, a PEG ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13.

Tourmaline Oil Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.00%. Tourmaline Oil's dividend payout ratio is 31.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TOU shares. 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. Desjardins upped their price objective on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th. TD Securities cut their price target 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. Cormark upgraded Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Finally, CIBC lowered their target price on Tourmaline Oil from C$80.00 to C$72.50 in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.