Tourmaline Oil Corp (TOU) Insider William Scott Kirker Buys 2,000 Shares

Tourmaline Oil Corp (TSE:TOU) insider William Scott Kirker acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of C$17.68 per share, with a total value of C$35,360.00.

TSE TOU traded down C$0.81 during trading hours on Thursday, reaching C$17.76. The company’s stock had a trading volume of 1,247,742 shares, compared to its average volume of 854,156. The company has a debt-to-equity ratio of 18.20, a current ratio of 0.36 and a quick ratio of 0.32. Tourmaline Oil Corp has a 1 year low of C$17.34 and a 1 year high of C$26.19.

Tourmaline Oil (TSE:TOU) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$407.18 million during the quarter. As a group, equities research analysts expect that Tourmaline Oil Corp will post 1.440000036864 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Tourmaline Oil from C$28.00 to C$26.00 in a research note on Tuesday, October 9th. Raymond James lowered their price target on Tourmaline Oil from C$35.00 to C$29.50 in a report on Friday, October 5th. CIBC lowered their price target on Tourmaline Oil from C$30.00 to C$27.50 in a report on Thursday, November 22nd. Finally, TD Securities reissued a “buy” rating and issued a C$27.00 price target on shares of Tourmaline Oil in a report on Thursday, November 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$29.00.

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About Tourmaline Oil

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.

See Also: Ex-Dividend

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

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