Tourmaline Oil Corp (TSE:TOU) Director Ron Wigham bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of C$19.50 per share, with a total value of C$39,000.00.
Ron Wigham also recently made the following trade(s):
- On Friday, March 9th, Ron Wigham purchased 2,000 shares of Tourmaline Oil stock. The shares were bought at an average price of C$19.93 per share, with a total value of C$39,860.00.
TSE TOU traded down C$0.49 during trading hours on Friday, hitting C$22.70. The company’s stock had a trading volume of 1,242,042 shares, compared to its average volume of 833,753. Tourmaline Oil Corp has a 52 week low of C$17.78 and a 52 week high of C$29.58.
Tourmaline Oil (TSE:TOU) last posted its earnings results on Tuesday, March 6th. The company reported C$0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.11 by C$0.22. Tourmaline Oil had a net margin of 17.08% and a return on equity of 4.96%. The firm had revenue of C$431.27 million for the quarter.
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. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.41%.
Several research analysts have recently issued reports on the stock. GMP Securities increased their price objective on Tourmaline Oil from C$28.00 to C$30.00 in a report on Thursday, March 1st. Raymond James Financial increased their price target on Tourmaline Oil from C$27.50 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Scotiabank cut their price objective on shares of Tourmaline Oil from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. CIBC cut their price objective on shares of Tourmaline Oil from C$30.00 to C$27.50 in a research report on Tuesday, January 23rd. Finally, National Bank Financial cut their price objective on shares of Tourmaline Oil from C$37.50 to C$30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Seven research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$31.17.
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Tourmaline Oil Company Profile
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.
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