Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Recommendation of “Hold” by Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received a consensus recommendation of “Hold” from the three analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company.

TRMLF has been the topic of a number of analyst reports. Morgan Stanley reaffirmed a “cautious” rating on shares of Tourmaline Oil in a research note on Wednesday, March 26th. Raymond James Financial raised shares of Tourmaline Oil to a “moderate buy” rating in a research note on Monday, April 7th. Desjardins cut shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, Cormark raised shares of Tourmaline Oil to a “moderate buy” rating in a research note on Friday, March 7th.

Tourmaline Oil Stock Performance

TRMLF opened at $48.95 on Monday. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $50.01. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $18.93 billion, a PE ratio of 20.15, a P/E/G ratio of 0.45 and a beta of -0.42. The firm has a 50 day moving average of $45.96 and a two-hundred day moving average of $45.96.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.68). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Tourmaline Oil had a return on equity of 8.30% and a net margin of 21.16%. On average, analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.3598 dividend. The ex-dividend date is Monday, June 16th. This represents a yield of 2.95%. This is a boost from Tourmaline Oil’s previous dividend of $0.25. Tourmaline Oil’s dividend payout ratio (DPR) is currently 60.08%.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.