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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned an average rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.00.

A number of research analysts have recently issued reports on TRMLF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 10th. Canaccord Genuity Group cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 17th. Finally, Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th.

Tourmaline Oil Price Performance

Shares of TRMLF opened at $45.05 on Tuesday. The business has a 50-day moving average of $44.64 and a 200-day moving average of $45.64. 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 $17.50 billion, a price-to-earnings ratio of 33.12 and a beta of -0.22. Tourmaline Oil has a 1 year low of $40.01 and a 1 year high of $51.20.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, May 6th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.62 by $0.61. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%.The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, equities research analysts anticipate that Tourmaline Oil will post 2.88 earnings per share for the current 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.