Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $65.00.

A number of brokerages recently weighed in on TRMLF. Capital One Financial raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Monday, October 27th. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, October 29th. Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Roth Mkm initiated coverage on Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating for the company. Finally, Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 20th.

Tourmaline Oil Stock Performance

TRMLF stock opened at $44.98 on Tuesday. Tourmaline Oil has a 1-year low of $38.85 and a 1-year high of $50.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06. The firm has a market cap of $17.41 billion, a PE ratio of 17.92, a P/E/G ratio of 1.85 and a beta of -0.33. The business’s 50-day moving average price is $44.67 and its two-hundred day moving average price is $43.79.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). Tourmaline Oil had a net margin of 21.15% and a return on equity of 8.27%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current year.

About Tourmaline Oil

Tourmaline Oil is a Canadian energy company engaged principally in the exploration, development and production of natural gas, natural gas liquids (NGLs) and oil. The company focuses on upstream activities across multiple resource plays, targeting conventional and unconventional reservoirs with the aim of delivering stable production and reserves growth. In addition to well drilling and completion, Tourmaline develops associated surface facilities and infrastructure needed to gather, process and market its production.

Production from Tourmaline is weighted toward natural gas and associated liquids, and the company emphasizes operational efficiency and capital discipline in its development programs.