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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $65.00.

Several equities research analysts recently commented on the company. Roth Mkm assumed coverage on Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating on the stock. Zacks Research downgraded shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $65.00 target price on shares of Tourmaline Oil in a report on Thursday, November 20th.

Tourmaline Oil Price Performance

Shares of OTCMKTS:TRMLF opened at $46.93 on Friday. The business has a fifty day moving average price of $44.76 and a 200-day moving average price of $44.03. Tourmaline Oil has a 1-year low of $38.85 and a 1-year high of $50.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $18.17 billion, a PE ratio of 18.70, a PEG ratio of 1.59 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.