Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $65.00.

TRMLF has been the topic of a number of research analyst reports. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley set a $65.00 price objective on Tourmaline Oil in a research note on Thursday, November 20th. Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a research note on Monday, October 27th. The Goldman Sachs Group assumed coverage on Tourmaline Oil in a research note on Monday, October 13th. They issued a “buy” rating on the stock. Finally, Roth Mkm started coverage on Tourmaline Oil in a report on Friday, December 19th. They set a “neutral” rating for the company.

Tourmaline Oil Trading Down 5.0%

OTCMKTS TRMLF opened at $44.98 on Tuesday. The company has a market cap of $17.41 billion, a PE ratio of 17.92, a PEG ratio of 1.85 and a beta of -0.33. 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 has a 12 month low of $38.85 and a 12 month high of $50.01. The stock has a 50 day moving average of $44.67 and a 200-day moving average of $43.79.

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