Tourmaline Oil Corp. (TSE:TOU – Get Rating) Senior Officer Mike Rose bought 5,000 shares of the business's stock in a transaction on Friday, September 23rd. The stock was purchased at an average cost of C$69.59 per share, for a total transaction of C$347,955.00. Following the transaction, the insider now owns 8,859,974 shares of the company's stock, valued at C$616,574,450.63.
Mike Rose also recently made the following trade(s):
Get Tourmaline Oil alerts:- On Thursday, August 4th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$72.05 per share, for a total transaction of C$360,267.00.
- On Tuesday, August 2nd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$78.14 per share, for a total transaction of C$390,712.00.
Tourmaline Oil Stock Performance
Shares of TOU stock opened at C$69.37 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 3.99. The firm has a fifty day moving average price of C$76.23 and a 200 day moving average price of C$69.49. The company has a market cap of C$23.31 billion and a P/E ratio of 9.44. Tourmaline Oil Corp. has a 12 month low of C$38.10 and a 12 month high of C$84.33.
Tourmaline Oil (TSE:TOU – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported C$2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.83 by C($0.43). The business had revenue of C$1.82 billion for the quarter. Sell-side analysts predict that Tourmaline Oil Corp. will post 12.9700004 earnings per share for the current fiscal year.Tourmaline Oil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 29th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.90 annualized dividend and a yield of 1.30%. Tourmaline Oil's dividend payout ratio is presently 10.54%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TOU. Stifel Nicolaus boosted their target price on Tourmaline Oil from C$90.50 to C$96.50 in a research report on Monday, July 4th. CIBC boosted their price target on shares of Tourmaline Oil from C$90.00 to C$100.00 in a research note on Monday, August 22nd. Raymond James boosted their price target on shares of Tourmaline Oil from C$85.00 to C$90.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 5th. Scotiabank boosted their price target on shares of Tourmaline Oil from C$106.00 to C$116.00 in a research note on Monday, September 19th. Finally, National Bankshares dropped their price target on shares of Tourmaline Oil from C$95.00 to C$85.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$86.32.
Tourmaline Oil Company Profile
(Get Rating)
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.
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