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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $65.00.

Several analysts recently commented on the company. Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a research report on Monday, October 27th. TD Securities cut Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on Tourmaline Oil in a report on Monday, October 13th. They set a “buy” rating on the stock. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $65.00 target price on shares of Tourmaline Oil in a research report on Thursday, November 20th.

Tourmaline Oil Stock Down 0.6%

TRMLF stock opened at $42.25 on Friday. The stock has a market cap of $16.35 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.90 and a beta of -0.32. The firm’s 50-day simple moving average is $44.44 and its 200 day simple moving average is $44.10. Tourmaline Oil has a fifty-two week low of $38.85 and a fifty-two week high of $50.01. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.20 billion. Tourmaline Oil had a return on equity of 8.27% and a net margin of 21.15%. As a group, sell-side analysts predict 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.