Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $65.00.

A number of research analysts recently commented on the stock. ATB Cormark Capital Markets lowered shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Canaccord Genuity Group downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. BMO Capital Markets downgraded Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, May 7th. Finally, Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, April 1st.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock opened at $45.71 on Monday. The business’s fifty day moving average price is $46.71 and its two-hundred day moving average price is $45.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $17.75 billion, a P/E ratio of 33.61 and a beta of -0.28. Tourmaline Oil has a 1-year low of $40.01 and a 1-year high of $51.20.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.61. Tourmaline Oil had a net margin of 10.27% and a return on equity of 10.46%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts forecast that Tourmaline Oil will post 3.42 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.