Jill Terilee Angevine Purchases 490 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOUGet Rating) Director Jill Terilee Angevine acquired 490 shares of the company’s stock in a transaction dated Wednesday, January 25th. The stock was acquired at an average price of C$62.63 per share, for a total transaction of C$30,688.70. Following the acquisition, the director now owns 46,000 shares in the company, valued at approximately C$2,880,980.

Jill Terilee Angevine also recently made the following trade(s):

  • On Monday, January 23rd, Jill Terilee Angevine acquired 630 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$65.94 per share, for a total transaction of C$41,542.20.

Tourmaline Oil Price Performance

Tourmaline Oil stock traded down C$1.97 during mid-day trading on Wednesday, hitting C$62.74. 3,436,319 shares of the company were exchanged, compared to its average volume of 3,287,966. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.28 and a quick ratio of 0.47. The business’s 50 day simple moving average is C$72.00 and its two-hundred day simple moving average is C$74.40. The company has a market capitalization of C$21.21 billion and a P/E ratio of 3.85. Tourmaline Oil Corp. has a 12-month low of C$42.42 and a 12-month high of C$84.33.

Tourmaline Oil (TSE:TOUGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported C$6.11 EPS for the quarter. The business had revenue of C$1.74 billion during the quarter. Analysts forecast that Tourmaline Oil Corp. will post 11.9900002 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were given a $0.25 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.23. Tourmaline Oil’s payout ratio is currently 5.10%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TOU. CIBC decreased their target price on Tourmaline Oil from C$100.00 to C$85.00 and set an “outperform” rating for the company in a research report on Friday, January 13th. ATB Capital decreased their price objective on Tourmaline Oil from C$100.00 to C$95.00 in a research report on Monday, January 16th. Raymond James reduced their price target on Tourmaline Oil from C$95.00 to C$90.00 and set a “strong-buy” rating for the company in a report on Monday, January 16th. National Bankshares raised their price target on Tourmaline Oil from C$85.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Finally, Stifel Firstegy reissued a “buy” rating on shares of Tourmaline Oil in a report on Thursday, January 12th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tourmaline Oil has a consensus rating of “Buy” and a consensus price target of C$90.80.

About Tourmaline Oil

(Get Rating)

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.

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