Tourmaline Oil (OTCMKTS:TRMLF) Upgraded at Raymond James

Raymond James upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF) to a moderate buy rating in a report published on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Cormark raised Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th. Desjardins lowered shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley reaffirmed a “cautious” rating on shares of Tourmaline Oil in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tourmaline Oil has an average rating of “Hold”.

Tourmaline Oil Trading Up 4.8 %

Shares of OTCMKTS TRMLF opened at $41.88 on Monday. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $15.65 billion, a PE ratio of 12.93, a PEG ratio of 0.83 and a beta of -0.59. The business has a 50-day moving average price of $46.33 and a two-hundred day moving average price of $46.13.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. As a group, analysts predict that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.3504 dividend. This is an increase from Tourmaline Oil’s previous dividend of $0.24. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 3.14%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 54.12%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.