Analysts Set Expectations for Tourmaline Oil FY2027 Earnings

Tourmaline Oil Corp. (OTCMKTS:TRMLF) – Stock analysts at Capital One Financial cut their FY2027 EPS estimates for shares of Tourmaline Oil in a research note issued to investors on Monday, November 24th. Capital One Financial analyst B. Velie now anticipates that the company will earn $4.46 per share for the year, down from their prior estimate of $4.95. Capital One Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Tourmaline Oil’s current full-year earnings is $2.52 per share.

Tourmaline Oil (OTCMKTS:TRMLF) last announced 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 the consensus estimate of $1.20 billion. Tourmaline Oil had a return on equity of 8.58% and a net margin of 21.15%.

A number of other brokerages also recently issued reports on TRMLF. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. Raymond James Financial cut Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on shares of Tourmaline Oil in a research report on Monday, October 13th. They set a “buy” rating for the company. TD Securities downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley set a $65.00 target price on shares of Tourmaline Oil in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.00.

Tourmaline Oil Stock Performance

Shares of TRMLF opened at $44.37 on Wednesday. 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’s fifty day simple moving average is $43.80 and its two-hundred day simple moving average is $44.50. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $50.01. The stock has a market capitalization of $17.17 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.16 and a beta of -0.31.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were issued a $0.362 dividend. The ex-dividend date was Monday, September 15th. This represents a dividend yield of 344.0%. This is an increase from Tourmaline Oil’s previous dividend of $0.25. Tourmaline Oil’s dividend payout ratio (DPR) is 58.17%.

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.