Insider Buying: Tourmaline Oil Corp (TOU) Director Buys 4,000 Shares of Stock

Tourmaline Oil Corp (TSE:TOU) Director Jill Terilee Angevine bought 4,000 shares of Tourmaline Oil stock in a transaction that occurred on Friday, November 30th. The shares were bought at an average cost of C$18.40 per share, with a total value of C$73,600.00.

TSE TOU traded up C$0.10 during trading on Friday, reaching C$18.40. The company’s stock had a trading volume of 1,261,600 shares, compared to its average volume of 855,543. 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 12 month low of C$17.73 and a 12 month high of C$26.19.

Several analysts recently commented on TOU shares. BMO Capital Markets reduced their target price on shares of Tourmaline Oil from C$28.00 to C$26.00 in a report on Tuesday, October 9th. Raymond James reduced their target price on shares of Tourmaline Oil from C$35.00 to C$29.50 in a report on Friday, October 5th. CIBC reduced their target price on shares of Tourmaline Oil from C$30.00 to C$27.50 in a report on Thursday, November 22nd. Finally, TD Securities reaffirmed a “buy” rating and set a C$27.00 target price 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 company. The company has a consensus rating of “Buy” and an average price target 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.

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

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