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

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $65.00.

A number of research firms have recently issued reports on TRMLF. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, April 1st. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. BMO Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th. ATB Cormark Capital Markets lowered Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Canaccord Genuity Group downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF opened at $45.14 on Monday. The stock has a market cap of $17.53 billion, a PE ratio of 33.19 and a beta of -0.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06. Tourmaline Oil has a twelve month low of $40.01 and a twelve month high of $51.20. The stock has a fifty day simple moving average of $46.44 and a 200-day simple moving average of $46.01.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data 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. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. Equities analysts anticipate that Tourmaline Oil will post 3.42 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.