Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose Purchases 5,000 Shares

Tourmaline Oil Corp (TSE:TOU) Senior Officer Mike Rose bought 5,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were acquired at an average price of C$12.00 per share, for a total transaction of C$60,000.00. Following the completion of the transaction, the insider now directly owns 10,524,330 shares in the company, valued at approximately C$126,291,960.

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

  • On Monday, October 28th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$11.51 per share, for a total transaction of C$28,775.00.
  • On Wednesday, October 23rd, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The stock was bought at an average price of C$11.55 per share, for a total transaction of C$28,875.00.
  • On Monday, October 21st, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$11.76 per share, for a total transaction of C$29,404.00.
  • On Tuesday, October 15th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$12.31 per share, for a total transaction of C$30,784.50.
  • On Monday, August 26th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The stock was bought at an average price of C$12.36 per share, for a total transaction of C$61,809.00.
  • On Wednesday, August 14th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$13.00 per share, for a total transaction of C$32,500.00.
  • On Monday, August 12th, Mike Rose bought 5,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$13.54 per share, for a total transaction of C$67,703.00.
  • On Tuesday, August 6th, Mike Rose bought 20,000 shares of Tourmaline Oil stock. The shares were purchased at an average cost of C$14.63 per share, for a total transaction of C$292,588.00.

Shares of Tourmaline Oil stock traded up C$0.15 during mid-day trading on Friday, hitting C$12.79. 2,105,400 shares of the stock were exchanged, compared to its average volume of 870,999. Tourmaline Oil Corp has a twelve month low of C$10.45 and a twelve month high of C$22.62. The stock has a market capitalization of $3.35 billion and a price-to-earnings ratio of 7.12. The company has a 50-day simple moving average of C$12.22 and a 200 day simple moving average of C$15.35. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 20.25.

A number of equities research analysts have recently issued reports on TOU shares. Royal Bank of Canada reduced their price target on shares of Tourmaline Oil from C$24.00 to C$18.00 in a research note on Friday, October 18th. Raymond James restated an “outperform” rating and issued a C$16.00 price objective on shares of Tourmaline Oil in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and set a C$17.00 price target on shares of Tourmaline Oil in a report on Wednesday, October 16th. TD Securities lowered their price target on shares of Tourmaline Oil from C$27.00 to C$25.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, National Bank Financial reduced their price objective on shares of Tourmaline Oil from C$23.50 to C$22.00 and set an “outperform” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, Tourmaline Oil presently has an average rating of “Buy” and an average price target of C$20.53.

About Tourmaline Oil

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

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