Key Points
- Insider Mike Rose purchased 5,000 Tourmaline Oil shares at an average price of C$61.87, investing C$309,350. Following the transaction, he directly owned 8.14 million shares valued at approximately C$503.8 million.
- Tourmaline Oil shares opened at C$62.28, with a market capitalization of C$24.2 billion. The company recently reported C$0.47 in quarterly EPS on C$1.50 billion in revenue and pays a C$0.50 quarterly dividend, representing a 3.2% yield.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$70.36, compared with its reported trading price near C$62.
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose bought 5,000 shares of the stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of C$61.87 per share, with a total value of C$309,350.00. Following the completion of the transaction, the insider directly owned 8,142,678 shares in the company, valued at approximately C$503,787,487.86. The trade was a 0.06% increase in their position.
Mike Rose also recently made the following trade(s):
- On Wednesday, August 5th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$60.00 per share, for a total transaction of C$300,000.00.
- On Friday, July 31st, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$61.84 per share, for a total transaction of C$309,200.00.
- On Friday, June 26th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired 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 acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$59.10 per share, with a total value of C$147,750.00.
- On Thursday, June 18th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$59.52 per share, with a total value of C$297,600.00.
- On Monday, June 15th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$61.04 per share, with a total value of C$152,600.00.
- On Friday, June 5th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$63.96 per share, for a total transaction of C$319,800.00.
- On Friday, May 29th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.79 per share, with a total value of C$318,950.00.
- On Thursday, May 28th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$63.70 per share, with a total value of C$159,250.00.
- On Monday, May 25th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$65.98 per share, with a total value of C$164,950.00.
Tourmaline Oil Trading Up 0.2%
Shares of TSE TOU opened at C$62.28 on Friday. The stock has a market capitalization of C$24.20 billion, a P/E ratio of 67.70, a PEG ratio of 1.72 and a beta of -0.29. The company has a debt-to-equity ratio of 8.24, a current ratio of 0.72 and a quick ratio of 0.47. The business's 50 day moving average is C$61.11 and its two-hundred day moving average is C$63.10. Tourmaline Oil Corp. has a 1-year low of C$56.91 and a 1-year high of C$70.57.
Tourmaline Oil (TSE:TOU - Get Free Report) last released its quarterly 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, research analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current year.
Tourmaline Oil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, June 15th. Tourmaline Oil's dividend payout ratio (DPR) is 217.39%.
Wall Street Analyst Weigh In
Several brokerages recently commented on TOU. Jefferies Financial Group upped their price target on shares of Tourmaline Oil from C$72.00 to C$74.00 in a report on Friday, July 24th. Scotiabank upgraded Tourmaline Oil to a "strong-buy" rating in a research report on Friday, June 26th. Canaccord Genuity Group cut Tourmaline Oil from a "buy" rating to a "hold" rating and set a C$70.00 target price on the stock. in a research note on Thursday, May 7th. BMO Capital Markets downgraded Tourmaline Oil from an "outperform" rating to a "market perform" rating and increased their price target for the stock from C$67.00 to C$70.00 in a report on Thursday, May 7th. Finally, TD raised their price target on Tourmaline Oil from C$65.00 to C$66.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$70.36.
Get Our Latest Stock Analysis 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.
Further Reading
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