Tourmaline Oil Corp. (TSE:TOU - Get Free Report) insider Mike Rose bought 5,000 shares of the business's stock in a transaction dated Monday, November 9th. The shares were bought at an average cost of C$62.21 per share, for a total transaction of C$311,050.00. Following the purchase, the insider directly owned 8,167,678 shares in the company, valued at approximately C$508,111,248.38. This represents a 0.06% increase in their position.
Mike Rose also recently made the following trade(s):
- On Tuesday, October 6th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$62.06 per share, with a total value of C$310,300.00.
- On Tuesday, September 29th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was bought 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 acquired 5,000 shares of Tourmaline Oil stock. The stock was bought 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 acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$61.45 per share, for a total transaction of C$307,250.00.
- On Friday, August 21st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$61.87 per share, for a total transaction of C$309,350.00.
Tourmaline Oil Stock Down 1.1%
TOU stock opened at C$62.33 on Tuesday. Tourmaline Oil Corp. has a fifty-two week low of C$57.95 and a fifty-two week high of C$70.57. The business's 50 day moving average price is C$63.53 and its two-hundred day moving average price is C$63.20. The company has a debt-to-equity ratio of 8.95, a quick ratio of 0.47 and a current ratio of 0.86. The company has a market capitalization of C$24.16 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.72 and a beta of -0.09.
Tourmaline Oil (TSE:TOU - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported C$1.64 earnings per share (EPS) for the quarter. The firm had revenue of C$1.47 billion during the quarter. Tourmaline Oil had a return on equity of 5.19% and a net margin of 13.86%. As a group, analysts forecast that Tourmaline Oil Corp. will post 5.68 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have commented on TOU shares. ATB Cormark Capital Markets boosted their price target on shares of Tourmaline Oil from C$70.00 to C$75.00 and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. Desjardins set a C$68.00 price objective on Tourmaline Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Jefferies Financial Group boosted their target price on Tourmaline Oil from C$72.00 to C$74.00 in a research report on Friday, July 24th. The Goldman Sachs Group lowered Tourmaline Oil from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, October 1st. Finally, TD increased their price target on Tourmaline Oil from C$65.00 to C$66.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$70.80.
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About Tourmaline Oil
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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 two 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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