Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of C$64.25 per share, with a total value of C$160,612.50.
Mike Rose also recently made the following trade(s):
- On Friday, March 7th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.30 per share, with a total value of C$158,252.50.
- On Thursday, February 6th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$65.28 per share, with a total value of C$163,190.00.
- On Monday, January 27th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$67.43 per share, with a total value of C$168,575.00.
- On Thursday, January 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$66.44 per share, with a total value of C$166,109.00.
- On Tuesday, January 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$68.38 per share, for a total transaction of C$170,945.00.
- On Monday, December 16th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$62.09 per share, for a total transaction of C$155,216.50.
Tourmaline Oil Trading Down 1.6 %
Tourmaline Oil stock opened at C$64.42 on Friday. The company's fifty day simple moving average is C$67.32 and its 200-day simple moving average is C$64.47. 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 Corp. has a 12 month low of C$55.27 and a 12 month high of C$70.83. The stock has a market cap of C$24.01 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.72 and a beta of 1.30.
Tourmaline Oil Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is a boost from Tourmaline Oil's previous quarterly dividend of $0.35. This represents a $2.00 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, March 14th. Tourmaline Oil's payout ratio is currently 31.61%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TOU shares. National Bankshares boosted their target price on Tourmaline Oil from C$72.50 to C$75.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. UBS Group boosted their target price on Tourmaline Oil from C$79.00 to C$80.00 in a report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Tourmaline Oil from C$73.00 to C$76.00 in a report on Monday, December 16th. Cormark raised Tourmaline Oil from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Finally, CIBC boosted their target price on Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$78.45.
Check Out Our Latest Report on TOU
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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