Insider Buying: Tourmaline Oil Corp (TOU) Insider Buys 6,500 Shares of Stock
Tourmaline Oil Corp (TSE:TOU) insider Mike Rose purchased 6,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of C$25.09 per share, for a total transaction of C$163,085.00.
Mike Rose also recently made the following trade(s):
- On Tuesday, June 20th, Mike Rose sold 400,000 shares of Tourmaline Oil Corp stock. The shares were sold at an average price of C$25.95, for a total value of C$10,380,000.00.
- On Wednesday, May 17th, Mike Rose purchased 1,500 shares of Tourmaline Oil Corp stock. The shares were purchased at an average price of C$27.18 per share, for a total transaction of C$40,770.00.
Tourmaline Oil Corp (TSE:TOU) traded up 1.48% during midday trading on Friday, reaching $25.29. The company’s stock had a trading volume of 247,573 shares. The firm has a 50 day moving average price of $26.80 and a 200-day moving average price of $28.27. The company has a market cap of $6.82 billion and a P/E ratio of 22.22. Tourmaline Oil Corp has a 12-month low of $24.88 and a 12-month high of $39.77.
Several equities research analysts recently weighed in on TOU shares. TD Securities lifted their price target 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. lifted their price target 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 dropped their price target 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 price target on shares of Tourmaline Oil Corp in a research report on Tuesday, May 30th. Finally, National Bank Financial dropped their price target 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 currently has a consensus rating of “Buy” and an average price target 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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