Tourmaline Oil (OTCMKTS:TRMLF) Shares Gap Up – Time to Buy?

Tourmaline Oil Corp. (OTCMKTS:TRMLF) gapped up prior to trading on Tuesday . The stock had previously closed at $45.80, but opened at $47.98. Tourmaline Oil shares last traded at $45.4510, with a volume of 9,353 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Capital One Financial upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research note on Monday, October 27th. Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 20th. Scotiabank upgraded Tourmaline Oil to a “strong-buy” rating in a report on Wednesday, October 29th. Roth Mkm began coverage on Tourmaline Oil in a research note on Friday, December 19th. They issued a “neutral” rating on the stock. Finally, Zacks Research downgraded Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.

Tourmaline Oil Stock Performance

The stock has a fifty day moving average price of $44.58 and a 200 day moving average price of $43.95. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.60 and a beta of -0.33.

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.