Tourmaline Oil Corp (TSE:TOU) insider William Scott Kirker purchased 2,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of C$17.68 per share, for a total transaction of C$35,360.00.
TSE TOU traded up C$0.24 during mid-day trading on Friday, reaching C$18.00. 551,364 shares of the stock were exchanged, compared to its average volume of 852,912. Tourmaline Oil Corp has a one year low of C$17.34 and a one year high of C$26.19. The company has a debt-to-equity ratio of 18.20, a current ratio of 0.36 and a quick ratio of 0.32.
Tourmaline Oil (TSE:TOU) last announced its earnings results on Wednesday, November 7th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$407.18 million for the quarter. As a group, research analysts anticipate that Tourmaline Oil Corp will post 1.440000036864 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, December 13th. Tourmaline Oil’s dividend payout ratio is presently 24.52%.
TOU has been the topic of a number of recent research reports. TD Securities reiterated a “buy” rating and set a C$27.00 price target on shares of Tourmaline Oil in a report on Thursday, November 8th. Raymond James lowered their target price on shares of Tourmaline Oil from C$35.00 to C$29.50 in a research note on Friday, October 5th. BMO Capital Markets lowered their target price on shares of Tourmaline Oil from C$28.00 to C$26.00 in a research note on Tuesday, October 9th. Finally, CIBC lowered their target price on shares of Tourmaline Oil from C$30.00 to C$27.50 in a research note on Thursday, November 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$29.00.
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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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