Tourmaline Oil (OTCMKTS:TRMLF) Stock Rating Upgraded by Scotiabank

Tourmaline Oil (OTCMKTS:TRMLF) was upgraded by stock analysts at Scotiabank to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. ATB Cormark Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Roth Mkm initiated coverage on shares of Tourmaline Oil in a report on Friday, December 19th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Tourmaline Oil has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Tourmaline Oil Trading Up 0.7%

TRMLF opened at $46.23 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $46.95 and its two-hundred day moving average is $45.08. The company has a market capitalization of $17.90 billion, a P/E ratio of 88.91, a PEG ratio of 4.45 and a beta of -0.32. Tourmaline Oil has a 52 week low of $38.85 and a 52 week high of $51.20.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its earnings results 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. Tourmaline Oil had a return on equity of 7.67% and a net margin of 4.13%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Analysts forecast that Tourmaline Oil will post 2.52 earnings per share 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.