Key Points
- Insider purchase: Director Mike Rose bought 10,000 shares on Feb 2 at C$62.21 each (C$622,100 total), bringing his direct stake to 8,042,678 shares — a 0.12% increase; he also bought 2,500 shares on Jan 14 at C$58.72.
- Dividend and valuation: Tourmaline has a market cap of C$23.92 billion, a PE of 17.66, and pays a C$2.00 annualized dividend (3.2% yield) with a 52.86% payout ratio.
- Analyst view: The consensus rating is "Buy" with an average target of C$71.56, though several firms have recently trimmed price targets while ratings range from Strong Buy to Hold.
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose bought 10,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of C$62.21 per share, with a total value of C$622,100.00. Following the completion of the acquisition, the insider directly owned 8,042,678 shares of the company's stock, valued at approximately C$500,334,998.38. The trade was a 0.12% increase in their position.
Mike Rose also recently made the following trade(s):
- On Wednesday, January 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$58.72 per share, for a total transaction of C$146,800.00.
Tourmaline Oil Stock Down 0.1%
TOU stock opened at C$61.80 on Friday. The business has a 50 day moving average of C$61.33 and a 200 day moving average of C$60.71. The firm has a market cap of C$23.92 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 0.12. Tourmaline Oil Corp. has a twelve month low of C$55.40 and a twelve month high of C$70.83. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 10.13.
Tourmaline Oil (TSE:TOU - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported C$0.49 EPS for the quarter. Tourmaline Oil had a return on equity of 11.08% and a net margin of 28.53%.The business had revenue of C$1.40 billion for the quarter. On average, research analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.
Tourmaline Oil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Tourmaline Oil's payout ratio is presently 52.86%.
Analysts Set New Price Targets
A number of research firms have weighed in on TOU. Scotiabank reduced their price objective on shares of Tourmaline Oil from C$80.00 to C$75.00 and set an "outperform" rating for the company in a research note on Wednesday, January 21st. Jefferies Financial Group cut their target price on Tourmaline Oil from C$72.00 to C$70.00 in a research note on Tuesday, January 20th. Raymond James Financial reduced their target price on Tourmaline Oil from C$74.00 to C$72.00 in a report on Thursday, November 6th. Capital One Financial raised Tourmaline Oil to a "strong-buy" rating in a report on Monday, October 27th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Tourmaline Oil from C$71.00 to C$66.00 in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tourmaline Oil has a consensus rating of "Buy" and an average target price of C$71.56.
Get Our Latest Stock Report on Tourmaline Oil
Tourmaline Oil Company Profile
(
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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