Insider Buying: Tourmaline Oil Corp (TSE:TOU) Senior Officer Acquires 2,500 Shares of Stock

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose acquired 2,500 shares of Tourmaline Oil stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of C$12.99 per share, with a total value of C$32,475.00. Following the transaction, the insider now directly owns 10,564,330 shares in the company, valued at approximately C$137,230,646.70.

Mike Rose also recently made the following trade(s):

  • On Monday, November 18th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.92 per share, with a total value of C$32,311.00.
  • On Monday, November 11th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$12.60 per share, with a total value of C$31,500.00.
  • On Monday, October 28th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$11.51 per share, with a total value of C$28,775.00.
  • On Wednesday, October 23rd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$11.55 per share, with a total value of C$28,875.00.
  • On Monday, October 21st, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average price of C$11.76 per share, with a total value of C$29,404.00.
  • On Thursday, October 17th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.00 per share, for a total transaction of C$60,000.00.
  • On Tuesday, October 15th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.31 per share, for a total transaction of C$30,784.50.
  • On Monday, August 26th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.36 per share, for a total transaction of C$61,809.00.

TOU traded down C$0.27 during trading on Friday, hitting C$12.85. The stock had a trading volume of 2,342,268 shares, compared to its average volume of 915,236. The firm has a market capitalization of $3.50 billion and a P/E ratio of 7.79. Tourmaline Oil Corp has a twelve month low of C$10.45 and a twelve month high of C$22.62. The company’s 50-day moving average price is C$12.03 and its 200 day moving average price is C$14.87. The company has a debt-to-equity ratio of 22.89, a quick ratio of 0.52 and a current ratio of 0.60.

Several equities analysts have issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Tourmaline Oil from C$24.00 to C$18.00 in a research note on Friday, October 18th. CIBC dropped their price objective on shares of Tourmaline Oil from C$25.00 to C$20.00 in a research note on Tuesday, October 15th. Raymond James reissued an “outperform” rating and issued a C$16.00 price objective on shares of Tourmaline Oil in a research note on Thursday, November 7th. Canaccord Genuity reissued a “buy” rating and issued a C$17.00 price objective on shares of Tourmaline Oil in a research note on Wednesday, October 16th. Finally, National Bank Financial dropped their price objective on shares of Tourmaline Oil from C$23.50 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$20.53.

Tourmaline Oil Company Profile

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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Insider Buying and Selling by Quarter for Tourmaline Oil (TSE:TOU)

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