Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine Purchases 3,000 Shares

Tourmaline Oil Corp. (TSE:TOU) Director Jill Terilee Angevine bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of C$63.17 per share, with a total value of C$189,510.00.

Jill Terilee Angevine also recently made the following trade(s):

• On Tuesday, August 13th, Jill Terilee Angevine acquired 1,300 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$61.29 per share, with a total value of C$79,677.00.

Tourmaline Oil Stock Performance

Tourmaline Oil Corp. has a twelve month low of C$53.45 and a twelve month high of C$74.21. The stock has a market cap of C$22.00 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32. The stock’s fifty day moving average price is C$61.51 and its 200 day moving average price is C$62.46. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.11 and a quick ratio of 0.47.

Tourmaline Oil Cuts Dividend

The company also recently declared a None dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 13th. Tourmaline Oil’s payout ratio is 31.28%.

Analyst Ratings Changes

TOU has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Tourmaline Oil from C$75.00 to C$80.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Canaccord Genuity Group increased their target price on shares of Tourmaline Oil from C$73.50 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. CIBC raised their target price on Tourmaline Oil from C$77.50 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. UBS Group raised Tourmaline Oil to a “hold” rating in a research report on Thursday, June 20th. Finally, Desjardins lifted their price objective on Tourmaline Oil from C$72.00 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$79.04.

About Tourmaline Oil

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.