Tourmaline Oil Corp (TOU) Insider Drew E. Tumbach Sells 50,000 Shares
Tourmaline Oil Corp (TSE:TOU) insider Drew E. Tumbach sold 50,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of C$24.05, for a total value of C$1,202,500.00.
Tourmaline Oil Corp (TOU) opened at 23.84 on Tuesday. The company has a market cap of $6.43 billion and a price-to-earnings ratio of 20.95. The firm has a 50-day moving average price of $25.97 and a 200 day moving average price of $27.77. Tourmaline Oil Corp has a one year low of $23.58 and a one year high of $39.77.
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TOU has been the topic of several research analyst reports. TD Securities upped their target price on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Raymond James Financial, Inc. upped their target price on Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada cut their target price on Tourmaline Oil Corp from C$40.00 to C$35.00 in a research report on Thursday, July 20th. BMO Capital Markets restated an “outperform” rating and set a C$36.00 target price on shares of Tourmaline Oil Corp in a research report on Tuesday, May 30th. Finally, National Bank Financial cut their target price on Tourmaline Oil Corp from C$42.00 to C$40.00 in a research report on Friday, June 23rd. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$41.33.
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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