Jill Terilee Angevine Purchases 1,300 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine purchased 1,300 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of C$61.29 per share, for a total transaction of C$79,677.00.

Tourmaline Oil Price Performance

Shares of TOU stock traded up C$1.29 during trading hours on Thursday, reaching C$63.50. 600,380 shares of the company were exchanged, compared to its average volume of 2,466,282. Tourmaline Oil Corp. has a fifty-two week low of C$53.45 and a fifty-two week high of C$74.21. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.89 and a quick ratio of 0.47. The stock’s fifty day moving average is C$61.65 and its two-hundred day moving average is C$62.40. The company has a market cap of C$22.33 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.72 and a beta of 1.39.

Tourmaline Oil Cuts Dividend

The firm also recently announced a None dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 25.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TOU shares. National Bankshares raised their price target on Tourmaline Oil from C$70.00 to C$72.50 and gave the company an “outperform” rating in a report on Tuesday. Canaccord Genuity Group increased their price objective on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group raised Tourmaline Oil to a “hold” rating in a report on Thursday, June 20th. Desjardins lifted their price target on Tourmaline Oil from C$72.00 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Scotiabank lifted their price target on shares of Tourmaline Oil from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tourmaline Oil has a consensus rating of “Buy” and an average price target of C$79.04.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.