Tourmaline Oil Corp (TOU) Insider Acquires C$98,000.00 in Stock

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 5,000 shares of the company’s stock in a transaction dated Thursday, October 18th. The stock was acquired at an average cost of C$19.60 per share, with a total value of C$98,000.00.

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

  • On Tuesday, October 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$20.60 per share, with a total value of C$51,500.00.
  • On Friday, October 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$21.25 per share, with a total value of C$53,125.00.
  • On Wednesday, September 19th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$21.00 per share, with a total value of C$52,500.00.
  • On Tuesday, September 4th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$20.55 per share, with a total value of C$102,750.00.
  • On Friday, August 31st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$21.29 per share, with a total value of C$106,450.00.
  • On Friday, August 10th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$22.92 per share, with a total value of C$114,600.00.
  • On Tuesday, August 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$23.89 per share, with a total value of C$59,725.00.

TSE:TOU opened at C$19.94 on Friday. Tourmaline Oil Corp has a 12 month low of C$17.78 and a 12 month high of C$27.26.

Tourmaline Oil (TSE:TOU) last posted its earnings results on Wednesday, August 1st. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.03. The company had revenue of C$395.29 million for the quarter. Tourmaline Oil had a return on equity of 4.96% and a net margin of 17.08%.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 28th were given a $0.10 dividend. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, September 13th.

TOU has been the topic of a number of research analyst reports. Raymond James boosted their target price on Tourmaline Oil from C$32.00 to C$35.00 in a research report on Thursday, August 2nd. CSFB boosted their target price on Tourmaline Oil from C$29.00 to C$32.00 in a research report on Wednesday, July 11th. BMO Capital Markets decreased their target price on Tourmaline Oil from C$28.00 to C$26.00 in a research report on Tuesday, October 9th. Finally, National Bank Financial boosted their target price on Tourmaline Oil from C$31.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Tourmaline Oil presently has an average rating of “Buy” and an average price target of C$30.31.

About Tourmaline Oil

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

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