Tourmaline Oil Corp (TOU) Director Sells C$849,000.00 in Stock
Tourmaline Oil Corp (TSE:TOU) Director Robert William Blakely sold 30,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of C$28.30, for a total value of C$849,000.00.
Shares of Tourmaline Oil Corp (TSE:TOU) traded down 3.59% during trading on Thursday, reaching $27.39. The company had a trading volume of 614,120 shares. Tourmaline Oil Corp has a 1-year low of $25.79 and a 1-year high of $39.77. The company’s 50 day moving average is $27.94 and its 200-day moving average is $31.32. The stock has a market capitalization of $7.37 billion and a price-to-earnings ratio of 64.45.
TOU has been the topic of several research analyst reports. GMP Securities lowered their price target on Tourmaline Oil Corp from C$51.50 to C$50.00 in a report on Thursday, April 13th. TD Securities reissued a “buy” rating and set a C$44.00 price target on shares of Tourmaline Oil Corp in a report on Friday, February 24th. Royal Bank of Canada lowered their price target on Tourmaline Oil Corp from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, Scotiabank reissued an “outperform” rating and set a C$41.00 price target on shares of Tourmaline Oil Corp in a report on Wednesday, March 8th.
Tourmaline Oil Corp 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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