Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Rating of “Hold” from Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been given a consensus rating of “Hold” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $65.00.

TRMLF has been the subject of a number of research reports. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. BMO Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th. Canaccord Genuity Group lowered shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Desjardins upgraded shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th.

Tourmaline Oil Trading Down 2.4%

Shares of TRMLF stock opened at $45.05 on Tuesday. Tourmaline Oil has a twelve month low of $40.01 and a twelve month high of $51.20. The stock’s fifty day simple moving average is $44.64 and its 200 day simple moving average is $45.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $17.50 billion, a P/E ratio of 33.12 and a beta of -0.22.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its earnings results on Wednesday, May 6th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.62 by $0.61. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts predict that Tourmaline Oil will post 2.88 EPS for the current fiscal 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.