Tourmaline Oil Corp. (TSE:TOU – Get Free Report) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average price of C$63.95 per share, with a total value of C$159,875.00.
Mike Rose also recently made the following trade(s):
- On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$58.40 per share, for a total transaction of C$146,004.50.
- On Tuesday, September 10th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$57.07 per share, with a total value of C$285,369.00.
- On Tuesday, September 3rd, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$59.54 per share, for a total transaction of C$148,849.50.
- On Friday, August 30th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$61.12 per share, with a total value of C$305,622.00.
- On Wednesday, August 21st, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$61.59 per share, for a total transaction of C$307,945.00.
- On Tuesday, August 13th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$60.56 per share, with a total value of C$302,778.50.
Tourmaline Oil Trading Down 1.3 %
Shares of Tourmaline Oil stock opened at C$63.81 on Thursday. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$74.21. The business’s fifty day moving average is C$60.63 and its two-hundred day moving average is C$62.98. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 10.24. The firm has a market cap of C$23.69 billion, a PE ratio of 15.12, a P/E/G ratio of 1.72 and a beta of 1.30.
Tourmaline Oil Cuts Dividend
The business also recently announced a None dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.26%. Tourmaline Oil’s dividend payout ratio is presently 33.18%.
Analysts Set New Price Targets
A number of brokerages recently commented on TOU. National Bankshares set a C$72.50 price objective on shares of Tourmaline Oil and gave the company a “buy” rating in a research note on Tuesday, September 24th. Canaccord Genuity Group raised their price objective on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Scotiabank upped their target price on Tourmaline Oil from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Jefferies Financial Group dropped their price target on Tourmaline Oil from C$75.00 to C$67.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Cormark upgraded Tourmaline Oil to a “hold” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$78.38.
Get Our Latest Analysis on TOU
Tourmaline Oil Company Profile
Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.
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