Insider Buying: Tourmaline Oil Corp (TSE:TOU) Senior Officer Acquires C$67,703.00 in Stock

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Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of C$13.54 per share, for a total transaction of C$67,703.00. Following the acquisition, the insider now owns 10,499,330 shares of the company’s stock, valued at C$142,167,227.80.

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

  • On Wednesday, August 14th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$13.00 per share, for a total transaction of C$32,500.00.
  • On Tuesday, August 6th, Mike Rose purchased 20,000 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$14.63 per share, for a total transaction of C$292,588.00.
  • On Tuesday, July 2nd, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.31 per share, for a total transaction of C$40,763.00.
  • On Thursday, June 27th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.80 per share, for a total transaction of C$42,000.00.
  • On Wednesday, June 12th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$16.15 per share, for a total transaction of C$40,377.50.
  • On Friday, June 7th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$16.60 per share, for a total transaction of C$41,492.00.
  • On Monday, June 3rd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$17.19 per share, for a total transaction of C$85,950.00.

Shares of TOU stock opened at C$12.55 on Thursday. Tourmaline Oil Corp has a 12-month low of C$12.46 and a 12-month high of C$23.86. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 20.25. The stock has a 50 day moving average of C$16.04. The stock has a market capitalization of $3.78 billion and a PE ratio of 6.98.

Several equities research analysts recently issued reports on the stock. Raymond James set a C$31.00 target price on shares of Tourmaline Oil and gave the stock an “outperform” rating in a report on Thursday, May 30th. TD Securities dropped their target price on shares of Tourmaline Oil from C$27.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Royal Bank of Canada dropped their target price on shares of Tourmaline Oil from C$26.00 to C$24.00 in a report on Thursday, July 18th. National Bank Financial dropped their target price on shares of Tourmaline Oil from C$25.00 to C$23.50 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, BMO Capital Markets dropped their target price on shares of Tourmaline Oil from C$23.00 to C$21.00 in a report on Friday, June 14th.

Tourmaline Oil Company Profile

Tourmaline Oil Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, NEBC Montney, and the Peace River High Triassic oil complex.

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

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