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

Tourmaline Oil Corp (TSE:TOU) insider Mike Rose acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were bought at an average cost of C$20.60 per share, for a total transaction of C$51,500.00.

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

  • On Friday, October 12th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were bought at an average cost of C$21.25 per share, for a total transaction of C$53,125.00.
  • On Wednesday, September 19th, Mike Rose acquired 2,500 shares of Tourmaline Oil stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were bought at an average cost of C$23.89 per share, for a total transaction of C$59,725.00.

Shares of TSE TOU opened at C$20.44 on Wednesday. Tourmaline Oil Corp has a 12-month low of C$17.78 and a 12-month high of C$27.26.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, September 13th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.09.

A number of analysts recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Tourmaline Oil from C$28.00 to C$26.00 in a report on Tuesday, October 9th. Raymond James decreased their price objective on shares of Tourmaline Oil from C$35.00 to C$29.50 in a report on Friday, October 5th. National Bank Financial boosted their price objective on shares of Tourmaline Oil from C$31.00 to C$32.50 and gave the stock an “outperform” rating in a report on Thursday, August 2nd. Finally, CSFB boosted their price objective on shares of Tourmaline Oil from C$29.00 to C$32.00 in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Tourmaline Oil presently has an average rating of “Buy” and an average target price of C$30.31.

Tourmaline Oil Company Profile

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.

Further Reading: Average Daily Trade Volume – What It Means In Stock Trading

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

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