Tourmaline Oil Corp (TOU) Insider Purchases C$58,575.00 in Stock
Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of C$23.43 per share, with a total value of C$58,575.00.
Mike Rose also recently made the following trade(s):
- On Thursday, August 24th, Mike Rose bought 5,000 shares of Tourmaline Oil Corp stock. The shares were acquired at an average cost of C$24.17 per share, with a total value of C$120,850.00.
- On Friday, August 11th, Mike Rose bought 6,500 shares of Tourmaline Oil Corp stock. The shares were acquired at an average cost of C$25.09 per share, with a total value of C$163,085.00.
- On Tuesday, June 20th, Mike Rose sold 400,000 shares of Tourmaline Oil Corp stock. The stock was sold at an average price of C$25.95, for a total value of C$10,380,000.00.
Tourmaline Oil Corp (TSE TOU) traded up 0.34% during trading on Tuesday, hitting $23.92. The stock had a trading volume of 289,451 shares. The stock 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 52 week low of $23.37 and a 52 week high of $39.77. The company has a market cap of $6.45 billion and a PE ratio of 21.02.
Several research firms recently weighed in on TOU. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$36.00 price objective on shares of Tourmaline Oil Corp in a research note on Tuesday, May 30th. Royal Bank Of Canada dropped their price target on Tourmaline Oil Corp from C$40.00 to C$35.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. raised their price target on Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. TD Securities raised their price target on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, National Bank Financial decreased their price objective on Tourmaline Oil Corp from C$42.00 to C$40.00 in a report on Friday, June 23rd. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$41.33.
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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