Jill Terilee Angevine Buys 766 Shares of Tourmaline Oil (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine bought 766 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were acquired at an average cost of C$59.00 per share, with a total value of C$45,194.00. Following the completion of the transaction, the director owned 71,766 shares of the company’s stock, valued at C$4,234,194. This represents a 1.08% increase in their ownership of the stock.

Tourmaline Oil Price Performance

Shares of TSE TOU opened at C$62.17 on Thursday. Tourmaline Oil Corp. has a fifty-two week low of C$56.72 and a fifty-two week high of C$70.57. The stock has a market cap of C$24.14 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.72 and a beta of -0.27. The company has a debt-to-equity ratio of 7.14, a quick ratio of 0.47 and a current ratio of 0.88. The firm’s 50-day simple moving average is C$63.48 and its 200 day simple moving average is C$62.94.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The business had revenue of C$1.78 billion during the quarter. Tourmaline Oil had a return on equity of 4.40% and a net margin of 12.79%. As a group, research analysts anticipate that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current fiscal year.

Tourmaline Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 3.2%. Tourmaline Oil’s dividend payout ratio is 110.50%.

Analysts Set New Price Targets

TOU has been the topic of several analyst reports. Scotiabank upgraded shares of Tourmaline Oil to a “strong-buy” rating in a report on Friday, June 26th. Canaccord Genuity Group lowered shares of Tourmaline Oil from a “buy” rating to a “hold” rating and set a C$70.00 price objective for the company. in a research note on Thursday, May 7th. Finally, BMO Capital Markets cut shares of Tourmaline Oil from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from C$67.00 to C$70.00 in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

About Tourmaline Oil

Tourmaline is Canada’s largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.