Tourmaline Oil (OTCMKTS:TRMLF) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Tourmaline Oil (OTCMKTS:TRMLF) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. Roth Mkm began coverage on shares of Tourmaline Oil in a research report on Friday, December 19th. They issued a “neutral” rating for the company. Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a report on Monday, October 27th. Finally, Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Tourmaline Oil has an average rating of “Hold” and an average price target of $65.00.

Tourmaline Oil Trading Up 2.8%

TRMLF stock opened at $46.09 on Tuesday. Tourmaline Oil has a fifty-two week low of $38.85 and a fifty-two week high of $50.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a fifty day moving average price of $44.57 and a 200 day moving average price of $43.87. The firm has a market cap of $17.84 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.56 and a beta of -0.33.

Tourmaline Oil Company Profile

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.