Tourmaline Oil Insiders Added CA$3.32m Of Stock To Their Holdings

Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Tourmaline Oil Corp. (TSE:TOU), that sends out a positive message to the company's shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Tourmaline Oil

The Last 12 Months Of Insider Transactions At Tourmaline Oil

The insider, William Kirker, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.5m worth of shares at a price of CA$69.05 each. So we know that an insider sold shares at around the present share price of CA$67.43. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). The only individual insider seller over the last year was William Kirker.

In the last twelve months insiders purchased 52.99k shares for CA$3.3m. On the other hand they divested 21.53k shares, for CA$1.5m. Overall, Tourmaline Oil insiders were net buyers during the last year. They paid about CA$62.60 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Tourmaline Oil Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Tourmaline Oil. Not only was there no selling that we can see, but they collectively bought CA$658k worth of shares. This is a positive in our book as it implies some confidence.

Insider Ownership Of Tourmaline Oil

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Tourmaline Oil insiders own 5.3% of the company, currently worth about CA$1.3b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Tourmaline Oil Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Tourmaline Oil. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 3 warning signs for Tourmaline Oil that deserve your attention before buying any shares.

Of course Tourmaline Oil may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.