Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$313,824.50 in Stock

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose bought 5,000 shares of Tourmaline Oil stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of C$62.76 per share, with a total value of C$313,824.50.

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

• On Thursday, May 15th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were bought 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 bought at an average price 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 shares were bought at an average price of C$62.82 per share, for a total transaction of C$314,097.50.
• On Friday, March 14th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$64.25 per share, with a total value of C$160,612.50.
• On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$63.30 per share, for a total transaction of C$158,252.50.

Tourmaline Oil Stock Performance

Tourmaline Oil stock traded up C$0.29 during midday trading on Tuesday, hitting C$63.40. The stock had a trading volume of 357,320 shares, compared to its average volume of 2,262,100. Tourmaline Oil Corp. has a 52-week low of C$55.27 and a 52-week high of C$70.83. The company has a market capitalization of C$23.63 billion, a PE ratio of 14.31, a P/E/G ratio of 1.72 and a beta of 1.30. The firm's fifty day moving average is C$62.90 and its two-hundred day moving average is C$65.04. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.35. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Tourmaline Oil's dividend payout ratio is 31.61%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. CIBC cut their price objective on Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. UBS Group cut their price target on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Cormark upgraded shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. TD Securities dropped their price objective on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Raymond James set a C$78.00 target price on shares of Tourmaline Oil and gave the company an "outperform" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.