Tourmaline Oil (OTCMKTS:TRMLF) Reaches New 1-Year High – Should You Buy?

Tourmaline Oil Corp. (OTCMKTS:TRMLF) shares reached a new 52-week high on Wednesday . The stock traded as high as $51.20 and last traded at $50.32, with a volume of 141964 shares trading hands. The stock had previously closed at $49.63.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRMLF. 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. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, ATB Cormark Capital Markets lowered shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Tourmaline Oil Stock Performance

The firm has a fifty day simple moving average of $46.26 and a 200 day simple moving average of $44.85. 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 stock has a market cap of $19.48 billion, a price-to-earnings ratio of 96.77, a PEG ratio of 5.72 and a beta of -0.31.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.24. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.14 billion. Tourmaline Oil had a return on equity of 7.67% and a net margin of 4.13%. As a group, sell-side analysts expect that Tourmaline Oil Corp. 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.