Andrew B. Macdonald Sells 30,000 Shares of Tourmaline Oil Corp (TOU) Stock
Tourmaline Oil Corp (TSE:TOU) Director Andrew B. Macdonald sold 30,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$25.95, for a total value of C$778,500.00.
Shares of Tourmaline Oil Corp (TSE:TOU) opened at 25.78 on Friday. The firm has a 50-day moving average price of $27.36 and a 200-day moving average price of $30.14. Tourmaline Oil Corp has a 52 week low of $25.34 and a 52 week high of $39.77. The stock has a market cap of $6.94 billion and a PE ratio of 60.66.
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Several research firms recently weighed in on TOU. GMP Securities decreased their target price on Tourmaline Oil Corp from C$51.50 to C$50.00 in a research note on Thursday, April 13th. BMO Capital Markets restated an “outperform” rating and set a C$36.00 target price on shares of Tourmaline Oil Corp in a research note on Tuesday, May 30th. TD Securities boosted their target price on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Royal Bank Of Canada restated an “outperform” rating and set a C$42.00 target price on shares of Tourmaline Oil Corp in a research note on Thursday, February 23rd. Finally, Scotiabank restated an “outperform” rating and set a C$41.00 target price on shares of Tourmaline Oil Corp in a research note on Wednesday, March 1st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$43.00.
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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