William Scott Kirker Acquires 2,000 Shares of Tourmaline Oil Corp (TOU) Stock
Tourmaline Oil Corp (TSE:TOU) insider William Scott Kirker purchased 2,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of C$17.68 per share, for a total transaction of C$35,360.00.
Shares of Tourmaline Oil stock opened at C$17.78 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 18.20. Tourmaline Oil Corp has a one year low of C$17.34 and a one year high of C$26.19.
Tourmaline Oil (TSE:TOU) last announced its quarterly earnings results on Wednesday, November 7th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$407.18 million during the quarter. Analysts anticipate that Tourmaline Oil Corp will post 1.46000002299213 earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. CIBC decreased their price target on Tourmaline Oil from C$30.00 to C$27.50 in a research note on Thursday, November 22nd. Raymond James decreased their price target on Tourmaline Oil from C$35.00 to C$29.50 in a research note on Friday, October 5th. BMO Capital Markets decreased their price target on Tourmaline Oil from C$28.00 to C$26.00 in a research note on Tuesday, October 9th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$27.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$29.00.
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About Tourmaline Oil
Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Peace River High, Alberta Deep Basin, and NEBC Montney areas.
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