Tourmaline Oil Corp. (TSE:TOU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$65.05 and traded as high as C$67.94. Tourmaline Oil shares last traded at C$65.97, with a volume of 1,217,888 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TOU shares. Desjardins upped their target price on 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. UBS Group cut their target price on Tourmaline Oil from C$74.00 to C$71.00 in a research note on Thursday, April 17th. Cormark raised Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. TD Securities decreased their target price on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Raymond James Financial set a C$78.00 price objective on Tourmaline Oil and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$76.72.
View Our Latest Research Report on Tourmaline Oil
Tourmaline Oil Trading Up 1.3%
The stock's fifty day simple moving average is C$63.73 and its two-hundred day simple moving average is C$65.06. The firm has a market cap of C$24.50 billion, a PE ratio of 14.84, 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, June 16th. Tourmaline Oil's dividend payout ratio is presently 31.61%.
Insiders Place Their Bets
In related news, Senior Officer William Scott Kirker sold 56,000 shares of Tourmaline Oil stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$64.94, for a total transaction of C$3,636,561.60. Also, Senior Officer Mike Rose purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of C$62.76 per share, for a total transaction of C$313,824.50. Over the last ninety days, insiders bought 30,000 shares of company stock valued at $1,913,971. Insiders own 5.13% of the company's stock.
About Tourmaline Oil
(
Get Free Report)
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.
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