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

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $65.00.

A number of research firms have commented on TRMLF. Morgan Stanley set a $65.00 target price on Tourmaline Oil in a report on Thursday, November 20th. Scotiabank upgraded Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. The Goldman Sachs Group assumed coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They set a “buy” rating on the stock. Finally, TD Securities lowered shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th.

Tourmaline Oil Trading Up 0.3%

OTCMKTS TRMLF opened at $45.98 on Monday. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.20 and a beta of -0.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $50.01. The company’s fifty day moving average price is $44.17 and its two-hundred day moving average price is $44.48.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). Tourmaline Oil had a net margin of 21.15% and a return on equity of 8.27%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.20 billion. As a group, research analysts predict that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

About Tourmaline Oil

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.