Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Average Target Price from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $65.00.

A number of analysts have recently weighed in on the company. Desjardins upgraded Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Zacks Research cut Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, BMO Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, May 7th.

Tourmaline Oil Price Performance

TRMLF opened at $44.48 on Tuesday. The firm has a market cap of $17.29 billion, a price-to-earnings ratio of 61.78 and a beta of -0.22. Tourmaline Oil has a fifty-two week low of $40.01 and a fifty-two week high of $51.20. The company’s 50-day moving average price is $44.40 and its 200 day moving average price is $45.69. 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 (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.61. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a net margin of 6.05% and a return on equity of 9.05%. As a group, sell-side analysts expect that Tourmaline Oil will post 2.88 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.