Tourmaline Oil Corp. (TSE:TOU – Get Rating) Director Jill Terilee Angevine purchased 630 shares of Tourmaline Oil stock in a transaction on Monday, January 23rd. The stock was bought at an average price of C$65.94 per share, with a total value of C$41,542.20. Following the transaction, the director now owns 45,130 shares of the company’s stock, valued at C$2,975,872.20.
Jill Terilee Angevine also recently made the following trade(s):
- On Wednesday, January 25th, Jill Terilee Angevine purchased 490 shares of Tourmaline Oil stock. The stock was bought at an average price of C$62.63 per share, with a total value of C$30,688.70.
Tourmaline Oil Price Performance
Tourmaline Oil stock traded down C$1.97 during midday trading on Wednesday, reaching C$62.74. 3,436,319 shares of the stock traded hands, compared to its average volume of 3,287,966. The stock’s fifty day moving average is C$72.00 and its 200-day moving average is C$74.40. Tourmaline Oil Corp. has a 12 month low of C$42.42 and a 12 month high of C$84.33. The stock has a market cap of C$21.21 billion and a P/E ratio of 3.85. The company has a quick ratio of 0.47, a current ratio of 1.28 and a debt-to-equity ratio of 3.16.
Tourmaline Oil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 30th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 14th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. Tourmaline Oil’s dividend payout ratio is 5.10%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Barclays set a C$85.00 price objective on Tourmaline Oil and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Scotiabank dropped their price objective on Tourmaline Oil from C$117.00 to C$112.00 in a research note on Tuesday, January 17th. CIBC dropped their price objective on Tourmaline Oil from C$100.00 to C$85.00 and set an “outperform” rating for the company in a research note on Friday, January 13th. Stifel Firstegy reaffirmed a “buy” rating on shares of Tourmaline Oil in a research note on Thursday, January 12th. Finally, Stifel Nicolaus dropped their price objective on Tourmaline Oil from C$82.00 to C$80.00 in a research note on Monday, January 16th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$90.80.
About Tourmaline Oil
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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