Tourmaline Oil Corp. (TSE:TOU - Get Free Report) Senior Officer Mike Rose acquired 2,500 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of C$62.90 per share, for a total transaction of C$157,252.00.
Mike Rose also recently made the following trade(s):
- On Friday, November 8th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were purchased at an average price of C$62.27 per share, with a total value of C$155,664.50.
- On Tuesday, October 15th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$63.32 per share, for a total transaction of C$158,310.00.
- On Wednesday, October 9th, Mike Rose purchased 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average price of C$63.95 per share, for a total transaction of C$159,875.00.
- On Friday, September 20th, Mike Rose bought 2,500 shares of Tourmaline Oil stock. The shares were acquired at an average cost of C$58.40 per share, for a total transaction of C$146,004.50.
Tourmaline Oil Price Performance
TOU stock opened at C$64.03 on Friday. The firm has a market cap of C$23.77 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.72 and a beta of 1.30. The firm's fifty day moving average is C$64.24 and its 200 day moving average is C$62.77. Tourmaline Oil Corp. has a 52 week low of C$53.45 and a 52 week high of C$69.25. The company has a debt-to-equity ratio of 10.24, a quick ratio of 0.47 and a current ratio of 1.11.
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Tourmaline Oil (TSE:TOU - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$1.00 earnings per share for the quarter, missing analysts' consensus estimates of C$1.26 by C($0.26). The company had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.63 billion. Tourmaline Oil had a net margin of 30.75% and a return on equity of 10.86%. Research analysts predict that Tourmaline Oil Corp. will post 5.6809091 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on TOU shares. Cormark upgraded Tourmaline Oil to a "hold" rating in a research note on Monday, September 23rd. TD Securities reduced their price target on shares of Tourmaline Oil from C$77.00 to C$75.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group lowered their price objective on Tourmaline Oil from C$75.00 to C$74.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on Tourmaline Oil from C$67.00 to C$73.00 in a research report on Thursday, November 7th. Finally, UBS Group raised their price target on Tourmaline Oil from C$70.00 to C$73.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$77.96.
Check Out Our Latest Report on TOU
About Tourmaline Oil
(
Get Free Report)
Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.
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