Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 2,500 shares of the business's stock in a transaction on Monday, January 27th. The stock was bought at an average cost of C$67.43 per share, for a total transaction of C$168,575.00.
Mike Rose also recently made the following trade(s):
Tourmaline Oil stock traded down C$1.49 on Monday, reaching C$67.85. 154,707 shares of the stock were exchanged, compared to its average volume of 1,549,909. The stock has a market cap of C$25.19 billion, a PE ratio of 16.08, a PEG ratio of 1.72 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 0.47 and a debt-to-equity ratio of 10.24. Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$70.65. The firm has a fifty day moving average price of C$65.54 and a two-hundred day moving average price of C$62.98.
Tourmaline Oil (TSE:TOU - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts' consensus estimates of C$1.26 by C($0.26). The firm had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.63 billion. Tourmaline Oil had a return on equity of 10.86% and a net margin of 30.75%. Sell-side analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. The ex-dividend date was Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Tourmaline Oil's previous quarterly dividend of $0.32. Tourmaline Oil's dividend payout ratio is currently 33.18%.
Several brokerages have recently issued reports on TOU. Canaccord Genuity Group reduced their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. TD Securities dropped their target price on Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. CIBC upped their price target on Tourmaline Oil from C$75.00 to C$80.00 in a report on Friday, January 17th. UBS Group boosted their target price on shares of Tourmaline Oil from C$70.00 to C$73.00 in a research note on Monday, December 9th. Finally, National Bankshares boosted their price target on shares of Tourmaline Oil from C$72.50 to C$75.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$77.82.
Get Our Latest Report on Tourmaline Oil
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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