Mike Rose Purchases 5,000 Shares of Tourmaline Oil Corp (TOU) Stock

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of C$19.70 per share, for a total transaction of C$98,500.00.

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

  • On Friday, March 9th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$19.89 per share, for a total transaction of C$99,450.00.
  • On Tuesday, January 23rd, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$21.42 per share, for a total transaction of C$107,100.00.
  • On Tuesday, January 16th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average cost of C$21.18 per share, for a total transaction of C$52,950.00.
  • On Thursday, January 18th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$20.38 per share, with a total value of C$50,950.00.
  • On Thursday, December 14th, Mike Rose purchased 5,000 shares of Tourmaline Oil stock. The stock was acquired at an average price of C$21.61 per share, with a total value of C$108,050.00.

TOU traded down C$0.49 on Friday, hitting C$22.70. The company had a trading volume of 1,242,042 shares, compared to its average volume of 833,753. Tourmaline Oil Corp has a 12-month low of C$17.78 and a 12-month high of C$29.58.

Tourmaline Oil (TSE:TOU) last announced its quarterly earnings data on Tuesday, March 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.11 by C$0.22. The business had revenue of C$431.27 million during the quarter. Tourmaline Oil had a net margin of 17.08% and a return on equity of 4.96%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Tuesday, March 13th.

A number of equities research analysts have issued reports on TOU shares. National Bank Financial cut their price target on Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. GMP Securities raised their price objective on Tourmaline Oil from C$28.00 to C$30.00 in a research report on Thursday, March 1st. Scotiabank cut their price objective on Tourmaline Oil from C$32.00 to C$28.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. CIBC cut their price objective on Tourmaline Oil from C$30.00 to C$27.50 in a research report on Tuesday, January 23rd. Finally, Raymond James Financial cut their price objective on Tourmaline Oil from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, January 11th. Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$31.17.

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About Tourmaline Oil

Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin.

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

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