Tourmaline Oil Corp (TSE:TOU) Director Lee Allan Baker acquired 5,000 shares of Tourmaline Oil stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average cost of C$21.01 per share, with a total value of C$105,050.00.
TOU stock traded up C$0.38 during midday trading on Wednesday, hitting C$20.99. The stock had a trading volume of 734,061 shares, compared to its average volume of 786,595. Tourmaline Oil Corp has a 12 month low of C$17.78 and a 12 month high of C$30.36. The firm has a market capitalization of $5,280.00, a PE ratio of 16.40 and a beta of -0.12.
Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Tuesday, March 6th. The company reported C$0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.11 by C$0.22. Tourmaline Oil had a return on equity of 4.96% and a net margin of 17.08%. The company had revenue of C$431.27 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%.
Several equities analysts recently issued reports on the company. Scotiabank reduced their price objective on Tourmaline Oil from C$32.00 to C$28.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. CIBC reduced their price objective on Tourmaline Oil from C$30.00 to C$27.50 in a report on Tuesday, January 23rd. National Bank Financial cut their price target on Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating for the company in a report on Tuesday, January 9th. GMP Securities boosted their price target on Tourmaline Oil from C$28.00 to C$30.00 in a report on Thursday, March 1st. Finally, Raymond James Financial cut their price target on Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating for the company in a report on Thursday, January 11th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$31.17.
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Tourmaline Oil Company Profile
Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.
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