Mike Rose Purchases 10,000 Shares of Tourmaline Oil (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) insider Mike Rose bought 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of C$62.21 per share, with a total value of C$622,100.00. Following the completion of the transaction, the insider directly owned 8,042,678 shares in the company, valued at approximately C$500,334,998.38. This trade represents a 0.12% increase in their position.

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

• On Wednesday, January 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$58.72 per share, for a total transaction of C$146,800.00.

Tourmaline Oil Stock Down 0.1%

Tourmaline Oil stock opened at C$61.80 on Monday. The firm has a market capitalization of C$23.92 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.72 and a beta of 0.12. The company’s 50 day simple moving average is C$61.33 and its 200 day simple moving average is C$60.69. The company has a debt-to-equity ratio of 10.13, a current ratio of 1.01 and a quick ratio of 0.47. Tourmaline Oil Corp. has a fifty-two week low of C$55.40 and a fifty-two week high of C$70.83.

Tourmaline Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, December 15th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 52.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TOU shares. Jefferies Financial Group lowered their price target on Tourmaline Oil from C$72.00 to C$70.00 in a report on Tuesday, January 20th. Scotiabank decreased their price objective on Tourmaline Oil from C$80.00 to C$75.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Desjardins raised their target price on shares of Tourmaline Oil from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Raymond James Financial reduced their price target on shares of Tourmaline Oil from C$74.00 to C$72.00 in a report on Thursday, November 6th. Finally, Capital One Financial raised shares of Tourmaline Oil to a “strong-buy” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$71.56.

About Tourmaline Oil

Tourmaline is Canada’s largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.