Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Rating of “Hold” by Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus recommendation of “Hold” from the three research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company.

Several analysts recently issued reports on TRMLF shares. Raymond James upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Monday, April 7th. Morgan Stanley reissued a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Cormark raised shares of Tourmaline Oil to a “moderate buy” rating in a research report on Friday, March 7th. Finally, Desjardins cut shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Tourmaline Oil Stock Down 1.3%

Shares of TRMLF opened at $45.34 on Thursday. The firm has a market cap of $16.98 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.83 and a beta of -0.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $50.01. The firm’s 50-day simple moving average is $45.13 and its 200 day simple moving average is $45.84.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.68). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.80 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. On average, analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 26th. Shareholders of record on Friday, May 16th were paid a dividend of $0.2518 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 2.22%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 57.20%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.