Tourmaline Oil Corp (TSE:TOU) Senior Officer Purchases C$30,050.00 in Stock

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of C$12.02 per share, for a total transaction of C$30,050.00. Following the purchase, the insider now directly owns 10,576,830 shares in the company, valued at approximately C$127,133,496.60.

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

  • On Thursday, November 28th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$12.43 per share, for a total transaction of C$31,069.00.
  • On Tuesday, November 26th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$12.50 per share, with a total value of C$31,250.00.
  • On Friday, November 22nd, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$12.99 per share, with a total value of C$32,475.00.
  • On Monday, November 18th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost 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, for a total transaction of C$31,500.00.
  • On Monday, October 28th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$11.51 per share, for a total transaction of C$28,775.00.
  • On Wednesday, October 23rd, Mike Rose bought 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 bought 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 shares were bought at an average cost of C$12.00 per share, with a total value of C$60,000.00.
  • On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$12.31 per share, for a total transaction of C$30,784.50.

TSE TOU opened at C$12.05 on Tuesday. The company has a debt-to-equity ratio of 22.89, a quick ratio of 0.52 and a current ratio of 0.60. The company has a market capitalization of $3.36 billion and a P/E ratio of 7.31. Tourmaline Oil Corp has a one year low of C$10.45 and a one year high of C$22.62. The stock has a 50 day moving average price of C$12.26 and a 200-day moving average price of C$14.49.

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

About Tourmaline Oil

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.

Recommended Story: Oversold

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

Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.