Insider Selling: Tourmaline Oil Corp (TOU) Insider Sells C$1,202,500.00 in Stock
Tourmaline Oil Corp (TSE:TOU) insider Drew E. Tumbach sold 50,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$24.05, for a total value of C$1,202,500.00.
Tourmaline Oil Corp (TSE:TOU) opened at 23.83 on Thursday. Tourmaline Oil Corp has a 12-month low of $23.60 and a 12-month high of $39.77. The firm has a market cap of $6.43 billion and a P/E ratio of 20.94. The firm’s 50-day moving average price is $25.97 and its 200 day moving average price is $27.77.
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TOU has been the topic of a number of research analyst reports. TD Securities increased 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. Raymond James Financial, Inc. increased 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. Royal Bank Of Canada reduced their price objective on Tourmaline Oil Corp from C$40.00 to C$35.00 in a report on Thursday, July 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$36.00 price objective on shares of Tourmaline Oil Corp in a report on Tuesday, May 30th. Finally, National Bank Financial reduced their price objective on Tourmaline Oil Corp from C$42.00 to C$40.00 in a report on Friday, June 23rd. Five research analysts have rated the stock with a buy rating, Tourmaline Oil Corp presently has a consensus rating of “Buy” and a consensus 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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