Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Rating of “Hold” from Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $65.00.

Several equities research analysts have commented on TRMLF shares. Roth Mkm began coverage on shares of Tourmaline Oil in a research note on Friday, December 19th. They issued a “neutral” rating for the company. Zacks Research lowered Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $65.00 price target on Tourmaline Oil in a research report on Thursday, November 20th.

Tourmaline Oil Stock Up 3.1%

TRMLF traded up $1.42 during mid-day trading on Friday, reaching $46.68. 442,292 shares of the stock were exchanged, compared to its average volume of 240,047. 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 quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $18.07 billion, a PE ratio of 89.77, a price-to-earnings-growth ratio of 1.58 and a beta of -0.31. The company has a 50 day moving average price of $45.03 and a two-hundred day moving average price of $44.22.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, March 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.35 by $0.24. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.67%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, research analysts anticipate that Tourmaline Oil will post 2.52 EPS 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.