Tourmaline Oil Corp (TOU) Insider Mike Rose Buys 2,500 Shares

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The stock was bought at an average cost of C$21.25 per share, for a total transaction of C$53,125.00.

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

  • On Wednesday, September 19th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$21.00 per share, for a total transaction of C$52,500.00.
  • On Tuesday, September 4th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$20.55 per share, for a total transaction of C$102,750.00.
  • On Friday, August 31st, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$21.29 per share, for a total transaction of C$106,450.00.
  • On Friday, August 10th, Mike Rose acquired 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$22.92 per share, for a total transaction of C$114,600.00.
  • On Tuesday, August 7th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$23.89 per share, for a total transaction of C$59,725.00.

TSE TOU traded down C$0.10 during trading on Friday, hitting C$21.18. The company’s stock had a trading volume of 887,300 shares, compared to its average volume of 856,969. Tourmaline Oil Corp has a 52 week low of C$17.78 and a 52 week high of C$27.26.

Tourmaline Oil (TSE:TOU) last issued its quarterly earnings results on Wednesday, August 1st. The company reported C$0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.20 by C$0.03. The company had revenue of C$395.29 million for the quarter. Tourmaline Oil had a return on equity of 4.96% and a net margin of 17.08%.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 28th were given a $0.10 dividend. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, September 13th.

A number of research analysts recently weighed in on the company. CSFB raised their price objective on Tourmaline Oil from C$29.00 to C$32.00 in a research note on Wednesday, July 11th. Raymond James raised their price objective on Tourmaline Oil from C$31.00 to C$32.00 in a research note on Thursday, July 5th. BMO Capital Markets cut their price objective on Tourmaline Oil from C$28.00 to C$26.00 in a research note on Tuesday. Finally, National Bank Financial raised their price objective on Tourmaline Oil from C$31.00 to C$32.50 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$30.31.

About Tourmaline Oil

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

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

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