Tourmaline Oil Corp. (TSE:TOU) Senior Officer Purchases C$318,960.00 in Stock

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were acquired 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 bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$64.68 per share, with a total value of C$323,379.00.
• On Friday, June 13th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$65.92 per share, with a total value of C$329,583.50.
• On Friday, May 30th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$62.76 per share, with a total value of C$313,824.50.
• On Thursday, May 15th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were purchased 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 bought 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 bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$62.82 per share, with a total value of C$314,097.50.

Tourmaline Oil Stock Performance

Tourmaline Oil stock traded down C$0.24 during trading hours on Friday, hitting C$63.35. 1,789,795 shares of the stock traded hands, compared to its average volume of 2,235,582. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. The firm's 50 day moving average price is C$64.02 and its 200-day moving average price is C$65.21. The stock has a market capitalization of C$23.61 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 1.72 and a beta of 1.30. Tourmaline Oil Corp. has a 1 year low of C$55.27 and a 1 year high of C$70.83.

Tourmaline Oil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. CIBC cut their price target on Tourmaline Oil from C$80.00 to C$72.50 in a report on Thursday, April 10th. TD Securities cut their price target on 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. Raymond James Financial set a C$78.00 price target on Tourmaline Oil and gave the company an "outperform" rating in a report on Tuesday, April 8th. Desjardins lifted their price target on Tourmaline Oil from C$74.00 to C$76.00 and gave the company a "hold" rating in a report on Tuesday, April 15th. Finally, UBS Group dropped their target price on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.