Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of C$61.84 per share, with a total value of C$309,200.00. Following the transaction, the insider directly owned 8,127,678 shares in the company, valued at C$502,615,607.52. This trade represents a 0.06% increase in their ownership of the stock.
Mike Rose also recently made the following trade(s):
- On Friday, June 26th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$59.84 per share, for a total transaction of C$149,600.00.
- On Wednesday, June 24th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$59.10 per share, for a total transaction of C$147,750.00.
- On Thursday, June 18th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$59.52 per share, for a total transaction of C$297,600.00.
- On Monday, June 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$61.04 per share, for a total transaction of C$152,600.00.
- On Friday, June 5th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.96 per share, with a total value of C$319,800.00.
- On Friday, May 29th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average price of C$63.79 per share, with a total value of C$318,950.00.
- On Thursday, May 28th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$63.70 per share, for a total transaction of C$159,250.00.
- On Monday, May 25th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$65.98 per share, with a total value of C$164,950.00.
- On Thursday, May 14th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$65.20 per share, for a total transaction of C$326,000.00.
- On Friday, May 8th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$64.60 per share, with a total value of C$323,000.00.
Tourmaline Oil Trading Down 0.6%
Shares of TSE TOU opened at C$61.91 on Friday. Tourmaline Oil Corp. has a one year low of C$56.72 and a one year high of C$70.57. The firm has a market capitalization of C$24.06 billion, a PE ratio of 67.29, a PEG ratio of 1.72 and a beta of -0.27. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 8.24. The business has a 50-day moving average price of C$62.24 and a two-hundred day moving average price of C$63.18.
Tourmaline Oil (TSE:TOU - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$1.50 billion for the quarter. Tourmaline Oil had a return on equity of 2.37% and a net margin of 6.50%. As a group, analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.
Tourmaline Oil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Tourmaline Oil's payout ratio is presently 217.39%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Canaccord Genuity Group cut shares of Tourmaline Oil from a "buy" rating to a "hold" rating and set a C$70.00 price target on the stock. in a report on Thursday, May 7th. BMO Capital Markets lowered Tourmaline Oil from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from C$67.00 to C$70.00 in a report on Thursday, May 7th. Scotiabank raised Tourmaline Oil to a "strong-buy" rating in a research report on Friday, June 26th. TD boosted their target price on Tourmaline Oil from C$65.00 to C$66.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Finally, Desjardins set a C$68.00 target price on Tourmaline Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$70.36.
Check Out Our Latest Stock Report on TOU
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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