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 research note released on Wednesday morning,Zacks.com reports.

TRMLF has been the topic of a number of other research reports. ATB Cormark Capital Markets downgraded Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Roth Mkm started coverage on Tourmaline Oil in a research note on Friday, December 19th. They issued a “neutral” rating for the company. Finally, Morgan Stanley set a $65.00 price target on Tourmaline Oil in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Tourmaline Oil Price Performance

TRMLF opened at $50.70 on Wednesday. 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 stock’s 50 day simple moving average is $45.97 and its 200 day simple moving average is $44.70. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 97.50, a PEG ratio of 5.81 and a beta of -0.31. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $51.01.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.24. The firm had revenue of $1.25 billion during 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, analysts predict that Tourmaline Oil 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.