Tourmaline Oil Corp (TOU) Insider Mike Rose Acquires 2,500 Shares

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 2,500 shares of the stock in a transaction on Thursday, January 18th. The shares were purchased at an average price of C$20.38 per share, for a total transaction of C$50,950.00.

Mike Rose also recently made the following trade(s):

  • On Tuesday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$21.18 per share, for a total transaction of C$52,950.00.
  • On Thursday, December 14th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$21.61 per share, for a total transaction of C$108,050.00.
  • On Thursday, November 23rd, Mike Rose acquired 2,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$23.60 per share, for a total transaction of C$47,200.00.
  • On Monday, November 20th, Mike Rose acquired 2,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$23.80 per share, for a total transaction of C$47,600.00.
  • On Thursday, November 16th, Mike Rose acquired 2,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$24.57 per share, for a total transaction of C$49,140.00.
  • On Tuesday, November 14th, Mike Rose acquired 2,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$25.55 per share, for a total transaction of C$51,100.00.

Tourmaline Oil Corp (TOU) traded down C$0.33 during trading on Friday, hitting C$20.46. 671,100 shares of the stock traded hands, compared to its average volume of 950,016. Tourmaline Oil Corp has a fifty-two week low of C$20.30 and a fifty-two week high of C$32.06. The stock has a market cap of $5,520.00, a PE ratio of 17.05 and a beta of 0.02.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.08. Tourmaline Oil had a net margin of 12.22% and a return on equity of 2.89%.

Several equities analysts have weighed in on the stock. Raymond James Financial lowered their price objective on shares of Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Thursday, January 11th. National Bank Financial lowered their price objective on shares of Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. BMO Capital Markets lowered their price objective on shares of Tourmaline Oil from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. TD Securities lifted their price objective on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, CIBC lowered their price objective on shares of Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$35.33.

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About Tourmaline Oil

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.

Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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