Insider Buying: Tourmaline Oil Corp (TSE:TOU) Senior Officer Purchases C$42,000.00 in Stock

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose purchased 2,500 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average cost of C$16.80 per share, with a total value of C$42,000.00. Following the acquisition, the insider now directly owns 10,543,470 shares in the company, valued at C$177,130,296.

Mike Rose also recently made the following trade(s):

  • On Tuesday, July 2nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.31 per share, for a total transaction of C$40,763.00.
  • On Wednesday, June 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.15 per share, for a total transaction of C$40,377.50.
  • On Friday, June 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.60 per share, for a total transaction of C$41,492.00.
  • On Monday, June 3rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$17.19 per share, for a total transaction of C$85,950.00.
  • On Monday, May 13th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$19.56 per share, for a total transaction of C$97,776.50.

Tourmaline Oil stock traded up C$0.01 during midday trading on Friday, reaching C$17.20. The company’s stock had a trading volume of 402,500 shares, compared to its average volume of 748,201. Tourmaline Oil Corp has a 52 week low of C$15.39 and a 52 week high of C$25.79. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 19.37. The firm’s 50-day moving average is C$16.69. The firm has a market cap of $4.68 billion and a PE ratio of 13.03.

Tourmaline Oil (TSE:TOU) last released its earnings results on Wednesday, May 8th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$664.30 million during the quarter. Research analysts anticipate that Tourmaline Oil Corp will post 1.1399999 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.79%. This is a positive change from Tourmaline Oil’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, June 13th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 36.36%.

A number of brokerages recently commented on TOU. GMP Securities restated a “buy” rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Royal Bank of Canada restated a “buy” rating and issued a $2.50 price target on shares of in a research report on Thursday. BMO Capital Markets restated a “hold” rating and issued a $9.50 price target on shares of Vicon Industries in a research report on Friday, June 14th. Raymond James restated an “outperform” rating and issued a $36.00 price target on shares of Zymeworks in a research report on Thursday, May 30th. Finally, TD Securities cut Tricon Capital Group from an “action list buy” rating to a “buy” rating and decreased their price target for the stock from C$14.50 to C$13.50 in a research report on Thursday, May 9th.

Tourmaline Oil Company Profile

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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