Insider Buying: Tourmaline Oil Corp (TOU) Insider Buys 8,000 Shares of Stock
Tourmaline Oil Corp (TSE:TOU) insider Ronald John Hill acquired 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were purchased at an average cost of C$22.89 per share, with a total value of C$183,120.00.
Tourmaline Oil Corp (TSE:TOU) traded down 0.74% on Thursday, hitting $22.70. 537,716 shares of the stock were exchanged. Tourmaline Oil Corp has a 52-week low of $22.33 and a 52-week high of $39.77. The firm has a market cap of $6.12 billion and a PE ratio of 19.95. The company has a 50-day moving average price of $24.65 and a 200-day moving average price of $26.41.
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Several equities research analysts recently weighed in on TOU shares. National Bank Financial cut their price objective on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a research report on Friday, June 23rd. Royal Bank Of Canada cut their price objective on shares of Tourmaline Oil Corp from C$40.00 to C$35.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. upped their price objective on shares of Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Macquarie reaffirmed an “outperform” rating and set a C$40.00 price objective on shares of Tourmaline Oil Corp in a research report on Thursday, September 14th. Finally, BMO Capital Markets cut their price objective on shares of Tourmaline Oil Corp from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. Seven investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$38.65.
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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