Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose Buys 2,500 Shares

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of C$15.61 per share, for a total transaction of C$39,018.00. Following the transaction, the insider now owns 10,601,830 shares of the company’s stock, valued at C$165,464,881.18.

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

  • On Wednesday, January 15th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$15.13 per share, for a total transaction of C$37,820.50.
  • On Tuesday, December 24th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$15.05 per share, for a total transaction of C$75,274.00.
  • On Friday, December 20th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$14.86 per share, for a total transaction of C$37,149.50.
  • On Monday, December 9th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$13.87 per share, for a total transaction of C$34,662.50.
  • On Monday, December 2nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.02 per share, for a total transaction of C$30,050.00.
  • On Thursday, November 28th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.43 per share, for a total transaction of C$31,069.00.
  • On Tuesday, November 26th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.50 per share, for a total transaction of C$31,250.00.
  • On Friday, November 22nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.99 per share, for a total transaction of C$32,475.00.
  • On Monday, November 18th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.92 per share, for a total transaction of C$32,311.00.
  • On Monday, November 11th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.60 per share, for a total transaction of C$31,500.00.

TOU opened at C$15.15 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.89. Tourmaline Oil Corp has a 1-year low of C$10.45 and a 1-year high of C$22.62. The company has a market capitalization of $4.24 billion and a PE ratio of 9.19. The firm’s 50 day simple moving average is C$14.49 and its two-hundred day simple moving average is C$13.92.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$462.28 million during the quarter. Equities analysts forecast that Tourmaline Oil Corp will post 0.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.12 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.48 annualized dividend and a yield of 3.17%. Tourmaline Oil’s payout ratio is presently 26.68%.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Tourmaline Oil from C$24.00 to C$18.00 in a research report on Friday, October 18th. CIBC lowered their price objective on shares of Tourmaline Oil from C$25.00 to C$20.00 in a research report on Tuesday, October 15th. National Bank Financial lowered their price objective on shares of Tourmaline Oil from C$23.50 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Scotiabank lowered their price objective on shares of Tourmaline Oil from C$23.00 to C$21.00 in a research report on Tuesday. Finally, Tudor Pickering & Holt set a C$16.00 price target on shares of Tourmaline Oil and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$20.13.

About Tourmaline Oil

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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