Scotiabank Upgrades Tourmaline Oil (OTCMKTS:TRMLF) to “Strong-Buy”

Tourmaline Oil (OTCMKTS:TRMLF) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the company. TD Securities lowered Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Raymond James Financial cut shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Capital One Financial upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research report on Monday. Zacks Research cut shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Finally, The Goldman Sachs Group began coverage on shares of Tourmaline Oil in a research report on Monday, October 13th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF opened at $43.18 on Wednesday. The firm has a market capitalization of $16.71 billion, a P/E ratio of 14.99, a PEG ratio of 0.74 and a beta of -0.31. The stock has a 50-day simple moving average of $43.36 and a two-hundred day simple moving average of $44.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67. Tourmaline Oil has a fifty-two week low of $38.85 and a fifty-two week high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its earnings results on Wednesday, July 30th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.66 by $0.32. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.84 billion. Tourmaline Oil had a return on equity of 9.90% and a net margin of 23.53%. On average, equities analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current year.

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.