Tourmaline Oil (TRMLF) Projected to Post Quarterly Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is expected to post its results after the market closes on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $1.1363 billion for the quarter.

Tourmaline Oil Price Performance

TRMLF stock opened at $45.80 on Wednesday. Tourmaline Oil has a 1-year low of $38.85 and a 1-year high of $50.01. The business’s 50 day simple moving average is $44.61 and its 200 day simple moving average is $43.98. 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 capitalization of $17.73 billion, a PE ratio of 18.25, a PEG ratio of 1.59 and a beta of -0.33.

Wall Street Analyst Weigh In

Several research firms have commented on TRMLF. Zacks Research downgraded shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Morgan Stanley set a $65.00 target price on shares of Tourmaline Oil in a report on Thursday, November 20th. Roth Mkm assumed coverage on shares of Tourmaline Oil in a research note on Friday, December 19th. They issued a “neutral” rating on the stock. Finally, Scotiabank upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.00.

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.