Insider Buying: Tourmaline Oil Corp (TOU) Insider Purchases 2,500 Shares of Stock

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 2,500 shares of the company’s stock in a transaction dated Monday, April 9th. The stock was purchased at an average cost of C$22.42 per share, with a total value of C$56,050.00.

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

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  • On Monday, March 12th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$19.70 per share, with a total value of C$98,500.00.
  • On Friday, March 9th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$19.89 per share, with a total value of C$99,450.00.
  • On Tuesday, January 23rd, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$21.42 per share, with a total value of C$107,100.00.
  • On Tuesday, January 16th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$21.18 per share, with a total value of C$52,950.00.
  • On Thursday, January 18th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was purchased at an average cost of C$20.38 per share, with a total value of C$50,950.00.

TSE:TOU traded down C$0.46 during midday trading on Monday, reaching C$22.24. The company had a trading volume of 848,603 shares, compared to its average volume of 833,972. Tourmaline Oil Corp has a 12-month low of C$17.78 and a 12-month high of C$29.58.

Tourmaline Oil (TSE:TOU) last released its earnings results on Tuesday, March 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.11 by C$0.22. The firm had revenue of C$431.27 million during the quarter. Tourmaline Oil had a return on equity of 4.96% and a net margin of 17.08%.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.44%.

A number of equities research analysts have recently weighed in on TOU shares. CIBC dropped their price objective on Tourmaline Oil from C$30.00 to C$27.50 in a research note on Tuesday, January 23rd. Raymond James Financial lifted their price objective on Tourmaline Oil from C$27.50 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Scotiabank dropped their price objective on Tourmaline Oil from C$32.00 to C$28.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. National Bank Financial dropped their price objective on Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. Finally, GMP Securities lifted their price objective on Tourmaline Oil from C$28.00 to C$30.00 in a research note on Thursday, March 1st. Seven investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of C$31.17.

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Tourmaline Oil 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.

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

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