Tourmaline Oil Corp (TSE:TOU) declared a quarterly dividend on Friday, June 12th, TickerTech reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.12 per share on Tuesday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, June 12th.
Shares of Tourmaline Oil stock traded down C$0.39 during trading on Thursday, hitting C$12.34. The company’s stock had a trading volume of 871,898 shares, compared to its average volume of 2,002,811. The company has a debt-to-equity ratio of 22.89, a quick ratio of 0.52 and a current ratio of 0.60. The company has a fifty day simple moving average of C$13.29 and a two-hundred day simple moving average of C$12.67. The company has a market capitalization of $3.34 billion and a PE ratio of 7.48. Tourmaline Oil has a 52 week low of C$6.73 and a 52 week high of C$17.81.
Tourmaline Oil (TSE:TOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.15 by C($0.07). The company had revenue of C$669.64 million for the quarter, compared to the consensus estimate of C$525.00 million. As a group, analysts predict that Tourmaline Oil will post 1.39 EPS for the current year.
Several brokerages recently commented on TOU. Stifel Nicolaus cut their price objective on shares of Tourmaline Oil from C$29.25 to C$25.25 in a research report on Wednesday, March 4th. CIBC increased their price objective on shares of Tourmaline Oil from C$15.00 to C$17.50 in a research report on Thursday, May 21st. TD Securities increased their price objective on shares of Tourmaline Oil from C$15.50 to C$17.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Tudor Pickering reissued a “buy” rating and set a C$17.00 price objective on shares of Tourmaline Oil in a research report on Thursday, May 7th. Finally, Tudor Pickering & Holt set a C$17.00 price objective on shares of Tourmaline Oil and gave the company a “buy” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$19.08.
In other Tourmaline Oil news, Senior Officer Mike Rose acquired 10,000 shares of the stock in a transaction dated Monday, May 25th. The shares were purchased at an average price of C$13.89 per share, for a total transaction of C$138,884.00. Following the purchase, the insider now directly owns 8,596,337 shares of the company’s stock, valued at C$119,389,366.79. Also, Director John William Elick acquired 3,500 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of C$14.06 per share, for a total transaction of C$49,209.65. Following the purchase, the director now directly owns 14,590 shares in the company, valued at C$205,133.94. In the last ninety days, insiders have bought 35,218 shares of company stock worth $482,299.
Tourmaline Oil Company Profile
Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.
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