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 acquired 5,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were bought 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 acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased 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 price 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 acquired at an average cost of C$62.82 per share, with a total value of C$314,097.50.
• On Friday, March 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired 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 stock was acquired at an average cost of C$63.30 per share, with a total value of C$158,252.50.

Tourmaline Oil Stock Down 1.7%

TOU stock traded down C$1.08 during trading on Friday, hitting C$62.24. 2,108,042 shares of the company's stock traded hands, compared to its average volume of 2,268,495. The firm has a market capitalization of C$23.19 billion, a P/E ratio of 14.05, a PEG ratio of 1.72 and a beta of 1.30. The business has a fifty day simple moving average of C$63.03 and a two-hundred day simple moving average of C$65.03. 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 Corp. has a 1 year low of C$55.27 and a 1 year high of C$70.83.

Tourmaline Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.50 dividend. This is a positive change from Tourmaline Oil's previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, March 14th. Tourmaline Oil's payout ratio is currently 31.61%.

Wall Street Analysts Forecast Growth

TOU has been the subject of a number of analyst reports. TD Securities lowered 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 report on Thursday, May 8th. CIBC lowered their price target on shares of Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. Raymond James set a C$78.00 price target on shares of Tourmaline Oil and gave the company an "outperform" rating in a report on Tuesday, April 8th. Cormark raised shares of Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Finally, Desjardins raised 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 note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.