Tourmaline Oil Corp (TOU) Director Sells C$53,720.00 in Stock
Tourmaline Oil Corp (TSE:TOU) Director John William Elick sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of C$26.86, for a total transaction of C$53,720.00.
John William Elick also recently made the following trade(s):
- On Tuesday, June 27th, John William Elick sold 627 shares of Tourmaline Oil Corp stock. The stock was sold at an average price of C$27.10, for a total transaction of C$16,991.70.
Shares of Tourmaline Oil Corp (TSE:TOU) traded up 1.48% during trading on Friday, reaching $25.29. The company had a trading volume of 247,573 shares. Tourmaline Oil Corp has a 52-week low of $24.88 and a 52-week high of $39.77. The company has a 50 day moving average of $26.80 and a 200-day moving average of $28.27. The firm has a market capitalization of $6.82 billion and a P/E ratio of 22.22.
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Several brokerages have commented on TOU. GMP Securities dropped their price target on shares of Tourmaline Oil Corp from C$51.50 to C$50.00 in a research report on Thursday, April 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$36.00 price target on shares of Tourmaline Oil Corp in a research report on Tuesday, May 30th. National Bank Financial dropped their price target on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a research report on Friday, June 23rd. TD Securities boosted their price target on shares of Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$41.33.
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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