Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Rating of “Hold” by Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received a consensus rating of “Hold” from the three research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a strong buy recommendation on the company.

Several research firms have recently issued reports on TRMLF. Raymond James raised Tourmaline Oil to a “moderate buy” rating in a report on Monday, April 7th. Cormark raised Tourmaline Oil to a “moderate buy” rating in a research report on Friday, March 7th. Desjardins cut Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley restated a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th.

Tourmaline Oil Price Performance

Shares of OTCMKTS:TRMLF opened at $44.37 on Friday. 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 stock has a market cap of $16.62 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.83 and a beta of -0.50. The stock’s fifty day simple moving average is $45.21 and its two-hundred day simple moving average is $45.87. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15.

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

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.3504 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Tourmaline Oil’s previous dividend of $0.24. This represents a dividend yield of 3.14%. Tourmaline Oil’s payout ratio is presently 54.12%.

About Tourmaline Oil

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.