Key Points
- Mike Rose bought 2,500 shares of Tourmaline (TSE:TOU) on Jan. 14 at an average price of C$58.72, spending C$146,800 and increasing his holdings to 8,032,678 shares (a 0.03% position increase).
- Tourmaline pays a quarterly dividend of C$0.50 (C$2.00 annualized) for a 3.4% yield, reported C$0.49 EPS last quarter, and trades at a PE of 16.7 with a market cap of about C$22.6 billion.
- Wall Street has a consensus "Buy" rating with a C$72.13 price target, though several analysts have recently trimmed targets and some ratings are mixed.
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose bought 2,500 shares of the stock in a transaction dated Wednesday, January 14th. The stock was purchased at an average cost of C$58.72 per share, for a total transaction of C$146,800.00. Following the acquisition, the insider owned 8,032,678 shares in the company, valued at C$471,678,852.16. The trade was a 0.03% increase in their position.
Mike Rose also recently made the following trade(s):
- On Friday, November 7th, Mike Rose purchased 10,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$59.83 per share, with a total value of C$598,300.00.
Tourmaline Oil Price Performance
TSE:TOU opened at C$58.41 on Thursday. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13. The firm has a market cap of C$22.61 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.72 and a beta of -0.03. Tourmaline Oil Corp. has a 12 month low of C$55.40 and a 12 month high of C$70.83. The company's 50-day moving average price is C$61.57 and its two-hundred day moving average price is C$60.85.
Tourmaline Oil (TSE:TOU - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$1.40 billion during the quarter. Tourmaline Oil had a net margin of 28.53% and a return on equity of 11.08%. On average, equities analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.
Tourmaline Oil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. Tourmaline Oil's dividend payout ratio is presently 52.86%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on TOU shares. Scotiabank reduced their price target on shares of Tourmaline Oil from C$85.00 to C$80.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 29th. CIBC reduced their target price on shares of Tourmaline Oil from C$71.00 to C$66.00 in a research report on Tuesday. TD Securities cut shares of Tourmaline Oil from a "buy" rating to a "hold" rating and decreased their price target for the company from C$73.00 to C$68.00 in a research note on Tuesday, September 30th. Raymond James Financial lowered 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 Tourmaline Oil to a "strong-buy" rating in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$72.13.
Get Our Latest Stock Analysis on TOU
About Tourmaline Oil
(
Get Free Report)
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.
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