Tourmaline Oil Corp (TOU) Insider Purchases C$52,950.00 in Stock

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose bought 2,500 shares of Tourmaline Oil stock in a transaction on Tuesday, January 16th. The stock was acquired at an average price of C$21.18 per share, for a total transaction of C$52,950.00.

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

  • On Thursday, January 18th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$20.38 per share, for a total transaction of C$50,950.00.
  • On Thursday, December 14th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired 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 bought 2,000 shares of Tourmaline Oil stock. The stock was acquired 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 bought 2,000 shares of Tourmaline Oil stock. The stock was acquired 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 bought 2,000 shares of Tourmaline Oil stock. The stock was acquired 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 bought 2,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$25.55 per share, for a total transaction of C$51,100.00.

Tourmaline Oil Corp (TSE TOU) traded down C$0.33 during mid-day trading on Friday, hitting C$20.46. The company had a trading volume of 671,100 shares, compared to its average volume of 950,016. The stock has a market cap of $5,520.00, a P/E ratio of 17.05 and a beta of 0.02. Tourmaline Oil Corp has a 52-week low of C$20.30 and a 52-week high of C$32.06.

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

A number of research firms have commented on TOU. CIBC reduced their target price on Tourmaline Oil from C$33.00 to C$30.00 in a research report on Tuesday, October 17th. National Bank Financial reduced their target price on Tourmaline Oil from C$40.00 to C$37.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Raymond James Financial reduced their target price on 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. BMO Capital Markets reduced their target price on Tourmaline Oil from C$34.00 to C$28.00 in a research report on Tuesday, October 10th. Finally, TD Securities lifted their target price on Tourmaline Oil from C$32.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Seven investment analysts have rated the stock with a buy rating, Tourmaline Oil currently has an average rating of “Buy” and a consensus target price of C$35.33.

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Tourmaline Oil 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.

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

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