Jill Terilee Angevine Buys 766 Shares of Tourmaline Oil (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine bought 766 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was acquired at an average cost of C$59.00 per share, with a total value of C$45,194.00. Following the transaction, the director owned 71,766 shares of the company’s stock, valued at C$4,234,194. This trade represents a 1.08% increase in their ownership of the stock.

Tourmaline Oil Trading Down 1.4%

TSE:TOU opened at C$59.00 on Tuesday. The stock has a market cap of C$22.91 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.72 and a beta of -0.27. Tourmaline Oil Corp. has a fifty-two week low of C$56.72 and a fifty-two week high of C$70.57. The company has a debt-to-equity ratio of 7.14, a current ratio of 0.88 and a quick ratio of 0.47. The stock’s 50-day moving average is C$63.49 and its two-hundred day moving average is C$62.93.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The business had revenue of C$1.78 billion during the quarter. Tourmaline Oil had a net margin of 12.79% and a return on equity of 4.40%. As a group, equities research analysts forecast that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Tourmaline Oil’s dividend payout ratio (DPR) is 110.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group downgraded shares of Tourmaline Oil from a “buy” rating to a “hold” rating and set a C$70.00 price target on the stock. in a research note on Thursday, May 7th. BMO Capital Markets downgraded Tourmaline Oil from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$67.00 to C$70.00 in a research note on Thursday, May 7th. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Desjardins raised their price target on shares of Tourmaline Oil from C$70.00 to C$74.00 and gave the company a “buy” rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$71.00.

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.