Insider Buying: Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys 5,000 Shares of Stock

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 5,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was purchased at an average cost of C$63.79 per share, with a total value of C$318,960.00.

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

• On Wednesday, June 25th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$64.68 per share, for a total transaction of C$323,379.00.
• On Friday, June 13th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$65.92 per share, with a total value of C$329,583.50.
• On Friday, May 30th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$62.76 per share, for a total transaction of C$313,824.50.
• On Thursday, May 15th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost 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 stock was bought 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 bought 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Price Performance

TSE TOU traded down C$0.24 during midday trading on Friday, hitting C$63.35. The company had a trading volume of 1,789,795 shares, compared to its average volume of 2,235,582. The firm has a 50-day moving average price of C$64.02 and a 200-day moving average price of C$65.18. The company has a market capitalization of C$23.61 billion, a PE ratio of 14.30, 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 twelve month low of C$55.27 and a twelve month high of C$70.83.

Tourmaline Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, June 16th. Tourmaline Oil's payout ratio is presently 31.61%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TOU shares. Desjardins increased their price target on shares of Tourmaline Oil from C$74.00 to C$76.00 and gave the company a "hold" rating in a report on Tuesday, April 15th. CIBC decreased their target price on Tourmaline Oil from C$80.00 to C$72.50 in a research report on Thursday, April 10th. Raymond James Financial set a C$78.00 price target on Tourmaline Oil and gave the stock an "outperform" rating in a report on Tuesday, April 8th. UBS Group reduced their price target on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company 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.