Tourmaline Oil Corp (TOU) Insider Mike Rose Buys 2,500 Shares of Stock
Tourmaline Oil Corp (TSE:TOU) insider Mike Rose purchased 2,500 shares of Tourmaline Oil Corp stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of C$23.43 per share, with a total value of C$58,575.00.
Mike Rose also recently made the following trade(s):
- On Thursday, August 24th, Mike Rose purchased 5,000 shares of Tourmaline Oil Corp stock. The stock was acquired at an average cost of C$24.17 per share, with a total value of C$120,850.00.
- On Friday, August 11th, Mike Rose purchased 6,500 shares of Tourmaline Oil Corp stock. The stock was acquired at an average cost of C$25.09 per share, with a total value of C$163,085.00.
- 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.
Tourmaline Oil Corp (TSE:TOU) opened at 23.90 on Wednesday. Tourmaline Oil Corp has a one year low of $23.37 and a one year high of $39.77. The company’s 50-day moving average price is $25.97 and its 200 day moving average price is $27.77. The firm has a market capitalization of $6.45 billion and a PE ratio of 21.00.
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Several equities analysts recently issued reports on the company. Raymond James Financial, Inc. lifted their price objective on Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a 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. 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. 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, TD Securities lifted their price objective on Tourmaline Oil Corp from C$41.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Five research analysts have rated the stock with a buy rating, Tourmaline Oil Corp presently 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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