Tourmaline Oil Corp (TOU) Insider Ronald John Hill Buys 8,000 Shares
Tourmaline Oil Corp (TSE:TOU) insider Ronald John Hill purchased 8,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was acquired at an average cost of C$22.89 per share, for a total transaction of C$183,120.00.
Tourmaline Oil Corp (TSE:TOU) traded down 0.53% during midday trading on Friday, hitting $22.58. 429,971 shares of the stock traded hands. Tourmaline Oil Corp has a one year low of $22.33 and a one year high of $39.77. The company has a market cap of $6.09 billion and a P/E ratio of 19.84. The company’s 50 day moving average is $24.62 and its 200-day moving average is $26.38.
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Several research firms have commented on TOU. Royal Bank Of Canada lowered their price target on shares of Tourmaline Oil Corp from C$40.00 to C$35.00 in a report on Thursday, July 20th. Raymond James Financial, Inc. upped their price target on shares of Tourmaline Oil Corp from C$33.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. National Bank Financial lowered their price target on shares of Tourmaline Oil Corp from C$42.00 to C$40.00 in a report on Friday, June 23rd. Macquarie reaffirmed an “outperform” rating and issued a C$40.00 price target on shares of Tourmaline Oil Corp in a report on Thursday, September 14th. Finally, BMO Capital Markets lowered their price target on shares of Tourmaline Oil Corp from C$34.00 to C$28.00 in a report on Tuesday, October 10th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$38.65.
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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