Tourmaline Oil (TRMLF) to Release Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is anticipated to post its results after the market closes on Wednesday, March 4th. Analysts expect Tourmaline Oil to post earnings of $0.35 per share and revenue of $1.1363 billion for the quarter.

Tourmaline Oil Stock Performance

Shares of TRMLF stock opened at $45.80 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $17.73 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.59 and a beta of -0.33. The stock has a 50 day simple moving average of $44.61 and a 200 day simple moving average of $43.98. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRMLF shares. Zacks Research downgraded Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. Roth Mkm initiated coverage on shares of Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating for the company. Finally, Morgan Stanley set a $65.00 target price on shares of Tourmaline Oil in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.00.

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.