Tourmaline Oil (OTCMKTS:TRMLF) Raised to “Hold” at Zacks Research

Tourmaline Oil (OTCMKTS:TRMLF) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently commented on TRMLF. Roth Mkm assumed coverage on shares of Tourmaline Oil in a report on Friday, December 19th. They set a “neutral” rating for the company. Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a report on Thursday, November 20th. Finally, ATB Cormark Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Tourmaline Oil Stock Up 3.3%

TRMLF opened at $50.47 on Wednesday. The stock’s fifty day simple moving average is $45.81 and its 200 day simple moving average is $44.64. Tourmaline Oil has a 1-year low of $38.85 and a 1-year high of $51.01. The stock has a market cap of $19.54 billion, a PE ratio of 97.06, a price-to-earnings-growth ratio of 5.63 and a beta of -0.31. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06.

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

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.