Tourmaline Oil (TRMLF) Expected to Release Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is anticipated to post its results after the market closes on Wednesday, July 29th. Analysts expect Tourmaline Oil to announce earnings of $0.6050 per share and revenue of $1.0936 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.61. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a net margin of 10.27% and a return on equity of 10.46%. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tourmaline Oil Stock Performance

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Canaccord Genuity Group downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Desjardins upgraded Tourmaline Oil to a “hold” rating in a report on Thursday, July 16th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.00.

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.