Key Points
- Insider buying: Mike Rose acquired 5,000 Tourmaline Oil shares at C$62.06 each, investing C$310,300 and increasing his holdings to 8,162,678 shares. This follows six other 5,000-share purchases since late July.
- Stock performance: Tourmaline shares opened at C$62.91 and were down 0.1%, with a 52-week range of C$57.95 to C$70.57 and a market capitalization of approximately C$24.45 billion.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$70.60, though ratings range from “Strong Buy” to “Strong Sell.”
Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose acquired 5,000 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was purchased at an average price of C$62.06 per share, with a total value of C$310,300.00. Following the acquisition, the insider owned 8,162,678 shares of the company's stock, valued at C$506,575,796.68. This represents a 0.06% increase in their position.
Mike Rose also recently made the following trade(s):
- On Tuesday, September 29th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$60.28 per share, with a total value of C$301,400.00.
- On Friday, September 25th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.15 per share, for a total transaction of C$305,750.00.
- On Friday, September 11th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$61.45 per share, for a total transaction of C$307,250.00.
- On Friday, August 21st, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average cost of C$61.87 per share, for a total transaction of C$309,350.00.
- On Wednesday, August 5th, Mike Rose bought 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 purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$61.84 per share, with a total value of C$309,200.00.
Tourmaline Oil Trading Down 0.1%
Shares of TSE TOU opened at C$62.91 on Wednesday. Tourmaline Oil Corp. has a 1 year low of C$57.95 and a 1 year high of C$70.57. The stock has a market cap of C$24.45 billion, a P/E ratio of 68.38, a price-to-earnings-growth ratio of 1.72 and a beta of -0.27. The firm has a 50-day moving average of C$61.53 and a 200 day moving average of C$62.78. The company has a debt-to-equity ratio of 8.24, a current ratio of 0.72 and a quick ratio of 0.47.
Tourmaline Oil (TSE:TOU - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$1.50 billion for the quarter. Tourmaline Oil had a net margin of 6.50% and a return on equity of 2.37%. As a group, sell-side analysts expect that Tourmaline Oil Corp. will post 5.6809091 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
TOU has been the topic of a number of analyst reports. TD boosted their price target on Tourmaline Oil from C$65.00 to C$66.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised their price objective on Tourmaline Oil from C$72.00 to C$74.00 in a research report on Friday, July 24th. Scotiabank upgraded Tourmaline Oil to a "strong-buy" rating in a research note on Friday, June 26th. Desjardins set a C$68.00 target price on Tourmaline Oil and gave the stock a "hold" rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group cut Tourmaline Oil from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$70.60.
Get Our Latest Research Report on TOU
About Tourmaline Oil
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
