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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $65.00.

Several brokerages recently commented on TRMLF. BMO Capital Markets downgraded Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th. ATB Cormark Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Canaccord Genuity Group downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Scotiabank upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th.

Tourmaline Oil Stock Up 2.1%

Shares of Tourmaline Oil stock opened at $42.19 on Friday. Tourmaline Oil has a twelve month low of $40.01 and a twelve month high of $51.20. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 31.02 and a beta of -0.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $45.80 and a 200 day moving average price of $45.68.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.62 by $0.61. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%. Equities research analysts forecast that Tourmaline Oil will post 3.05 earnings per share 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.