Insider Selling: Tourmaline Oil Corp (TSE:TOU) Director Sells 2,000 Shares of Stock
Tourmaline Oil Corp (TSE:TOU) Director John William Elick sold 2,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$26.86, for a total value of C$53,720.00.
John William Elick also recently made the following trade(s):
- On Tuesday, June 27th, John William Elick sold 627 shares of Tourmaline Oil Corp stock. The shares were sold at an average price of C$27.10, for a total value of C$16,991.70.
Tourmaline Oil Corp (TSE TOU) traded up 1.48% during midday trading on Friday, hitting $25.29. The stock had a trading volume of 247,573 shares. The company’s 50 day moving average price is $26.80 and its 200-day moving average price is $28.27. Tourmaline Oil Corp has a 52 week low of $24.88 and a 52 week high of $39.77. The stock has a market capitalization of $6.82 billion and a price-to-earnings ratio of 22.22.
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Several equities analysts have weighed in on TOU shares. TD Securities increased 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 note on Friday, May 5th. Raymond James Financial, Inc. increased 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 note 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 note on Thursday, July 20th. BMO Capital Markets reaffirmed 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 analysts have rated the stock with a buy rating, The stock has a consensus 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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