Tourmaline Oil (OTCMKTS:TRMLF) Upgraded at Zacks Research

Zacks Research upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on TRMLF. Morgan Stanley set a $65.00 target price on Tourmaline Oil in a research note on Thursday, November 20th. Roth Mkm initiated coverage on Tourmaline Oil in a research report on Friday, December 19th. They issued a “neutral” rating for the company. Capital One Financial raised Tourmaline Oil to a “strong-buy” rating in a report on Monday, October 27th. The Goldman Sachs Group initiated coverage on shares of Tourmaline Oil in a research report on Monday, October 13th. They set a “buy” rating on the stock. Finally, Scotiabank upgraded shares of Tourmaline Oil to a “strong-buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tourmaline Oil currently has an average rating of “Moderate Buy” and an average target price of $65.00.

Tourmaline Oil Price Performance

TRMLF stock opened at $44.69 on Monday. 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 company has a market capitalization of $17.30 billion, a P/E ratio of 17.81, a PEG ratio of 1.55 and a beta of -0.32. The business has a 50 day simple moving average of $44.30 and a 200-day simple moving average of $43.78. Tourmaline Oil has a twelve month low of $38.85 and a twelve month high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Tourmaline Oil had a return on equity of 8.27% and a net margin of 21.15%. As a group, equities analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current year.

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.