Tourmaline Oil Corp. (TSE:TOU) Senior Officer Buys C$323,258.00 in Stock

Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of C$64.65 per share, for a total transaction of C$323,258.00.

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

• On Friday, March 22nd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$59.42 per share, for a total transaction of C$148,543.00.
• On Friday, March 8th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$62.25 per share, with a total value of C$311,259.00.
• On Monday, February 5th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$55.41 per share, with a total value of C$277,025.00.

Tourmaline Oil Price Performance

Shares of TOU traded down C$0.51 during mid-day trading on Friday, hitting C$64.78. 13,271,303 shares of the company traded hands, compared to its average volume of 2,128,543. The stock has a market capitalization of C$22.77 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.72 and a beta of 1.40. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 8.04. The business has a 50-day moving average of C$63.36 and a 200 day moving average of C$63.07. Tourmaline Oil Corp. has a one year low of C$53.45 and a one year high of C$74.21.

Tourmaline Oil (TSE:TOU - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.41 by C$0.59. The firm had revenue of C$1.66 billion during the quarter, compared to analysts' expectations of C$1.49 billion. Tourmaline Oil had a return on equity of 12.53% and a net margin of 35.87%. As a group, equities analysts expect that Tourmaline Oil Corp. will post 4.710507 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.32 per share. This is an increase from Tourmaline Oil's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 8th. Tourmaline Oil's dividend payout ratio (DPR) is 23.86%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. CIBC upped their price target on Tourmaline Oil from C$77.50 to C$80.00 and gave the stock an "outperform" rating in a report on Thursday. BMO Capital Markets dropped their price target on shares of Tourmaline Oil from C$78.00 to C$75.00 in a research note on Thursday, March 28th. National Bankshares decreased their price target on shares of Tourmaline Oil from C$80.00 to C$70.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. Scotiabank decreased their price target on Tourmaline Oil from C$100.00 to C$90.00 and set an "outperform" rating for the company in a research note on Tuesday, January 16th. Finally, Jefferies Financial Group increased their price objective on shares of Tourmaline Oil from C$70.00 to C$75.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$78.38.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.