Mike Rose Buys 5,000 Shares of Tourmaline Oil Corp (TOU) Stock

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were purchased at an average price of C$21.42 per share, for a total transaction of C$107,100.00.

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

  • On Tuesday, January 16th, Mike Rose purchased 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, January 18th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 (TSE:TOU) traded up C$0.72 during midday trading on Tuesday, hitting C$21.34. 759,543 shares of the stock traded hands, compared to its average volume of 928,137. Tourmaline Oil Corp has a one year low of C$19.65 and a one year high of C$31.95. The company has a market capitalization of $5,840.00, a price-to-earnings ratio of 17.78 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 earnings per share (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%.

TOU has been the topic of a number of research analyst reports. National Bank Financial dropped their target price on shares of Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 9th. TD Securities boosted their target price on shares of Tourmaline Oil from C$32.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. BMO Capital Markets dropped their target price on shares of Tourmaline Oil from C$34.00 to C$28.00 in a research note on Tuesday, October 10th. Raymond James Financial dropped their target price on shares of Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Thursday, January 11th. Finally, CIBC dropped their target price on shares of Tourmaline Oil from C$33.00 to C$30.00 in a research note on Tuesday, October 17th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of C$35.06.

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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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