Tourmaline Oil Corp (TSE:TOU) Set to Announce Quarterly Earnings on Wednesday
Tourmaline Oil Corp (TSE:TOU) will issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Shares of Tourmaline Oil Corp (TSE:TOU) traded up 0.64% during mid-day trading on Thursday, reaching $28.20. 236,833 shares of the company’s stock were exchanged. The company has a market cap of $7.59 billion and a PE ratio of 66.35. Tourmaline Oil Corp has a 52-week low of $25.20 and a 52-week high of $39.77. The company’s 50-day moving average price is $26.84 and its 200 day moving average price is $28.62.
A number of equities analysts recently weighed in on the stock. GMP Securities cut their price target on shares of Tourmaline Oil Corp from C$51.50 to C$50.00 in a report on Thursday, April 13th. Royal Bank Of Canada dropped their price objective on shares of Tourmaline Oil Corp from C$40.00 to C$35.00 in a report on Thursday, July 20th. National Bank Financial dropped their price objective on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a report on Friday, June 23rd. TD Securities upped their price objective on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$36.00 price objective on shares of Tourmaline Oil Corp in a report on Tuesday, May 30th.
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In related news, insider Mike Rose sold 400,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of C$25.95, for a total value of C$10,380,000.00. Also, Director Andrew B. Macdonald sold 30,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of C$25.95, for a total value of C$778,500.00. Insiders sold 500,627 shares of company stock worth $13,147,692 in the last 90 days.
About Tourmaline Oil Corp
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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