Key Points
- Insider Mike Rose bought 5,000 Tourmaline Oil shares at C$60.28 each, investing C$301,400 and increasing his holdings to 8,157,678 shares. The purchase follows five similar 5,000-share acquisitions since late July.
- Tourmaline shares opened at C$59.81, down 1.9%, with a market capitalization of approximately C$23.24 billion. The stock remains below its 50-day and 200-day moving averages and has traded between C$57.95 and C$70.57 over the past year.
- Analysts maintain a “Moderate Buy” consensus, with three Strong Buy, two Buy, and four Hold ratings and an average price target of C$70.60. The company recently reported C$0.47 quarterly EPS and C$1.50 billion in revenue.
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of C$60.28 per share, for a total transaction of C$301,400.00. Following the completion of the acquisition, the insider owned 8,157,678 shares in the company, valued at C$491,744,829.84. This represents a 0.06% increase in their ownership of the stock.
Mike Rose also recently made the following trade(s):
- On Friday, September 25th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.15 per share, with a total value of C$305,750.00.
- On Friday, September 11th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.45 per share, with a total value of C$307,250.00.
- On Friday, August 21st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.87 per share, for a total transaction of C$309,350.00.
- On Wednesday, August 5th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$60.00 per share, for a total transaction of C$300,000.00.
- On Friday, July 31st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.84 per share, with a total value of C$309,200.00.
Tourmaline Oil Stock Down 1.9%
Shares of TSE TOU opened at C$59.81 on Wednesday. The company has a debt-to-equity ratio of 8.24, a current ratio of 0.72 and a quick ratio of 0.47. The company has a 50-day moving average price of C$61.77 and a 200-day moving average price of C$62.95. The stock has a market capitalization of C$23.24 billion, a P/E ratio of 65.01, a P/E/G ratio of 1.72 and a beta of -0.26. Tourmaline Oil Corp. has a 1 year low of C$57.95 and a 1 year high of C$70.57.
Tourmaline Oil (TSE:TOU - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.47 earnings per share for the quarter. Tourmaline Oil had a net margin of 6.50% and a return on equity of 2.37%. The company had revenue of C$1.50 billion for the quarter. On average, equities research analysts forecast that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Desjardins set a C$68.00 price objective on Tourmaline Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. TD lifted their target price on Tourmaline Oil from C$65.00 to C$66.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Jefferies Financial Group upped their price target on Tourmaline Oil from C$72.00 to C$74.00 in a report on Friday, July 24th. Finally, Scotiabank raised Tourmaline Oil to a "strong-buy" rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$70.60.
Get Our Latest Research Report on Tourmaline Oil
Tourmaline Oil Company Profile
(
Get Free Report)
Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.
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