Tourmaline Oil (OTCMKTS:TRMLF) Releases Earnings Results, Beats Expectations By $0.24 EPS

Tourmaline Oil (OTCMKTS:TRMLF) issued its quarterly earnings data on Wednesday. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.35 by $0.24, Zacks reports. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.14 billion. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.67%.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF traded up $1.36 during mid-day trading on Friday, hitting $46.62. The company’s stock had a trading volume of 123,565 shares, compared to its average volume of 224,978. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01. 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 has a market cap of $18.05 billion, a price-to-earnings ratio of 89.66, a PEG ratio of 1.69 and a beta of -0.31. The business’s fifty day moving average is $44.99 and its two-hundred day moving average is $44.19.

Analyst Upgrades and Downgrades

TRMLF has been the topic of a number of analyst reports. Zacks Research cut shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a research report on Thursday, November 20th. Finally, Roth Mkm began coverage on Tourmaline Oil in a report on Friday, December 19th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Tourmaline Oil presently has an average rating of “Hold” and a consensus price target of $65.00.

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.