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

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

TRMLF has been the subject of several analyst reports. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Friday, June 26th. Canaccord Genuity Group cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, BMO Capital Markets lowered shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th.

Tourmaline Oil Stock Performance

Tourmaline Oil stock opened at $43.23 on Friday. Tourmaline Oil has a fifty-two week low of $40.01 and a fifty-two week high of $51.20. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 31.79 and a beta of -0.22. The stock has a fifty day moving average of $45.58 and a two-hundred day moving average of $45.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 0.88.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.61. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%. On average, analysts anticipate that Tourmaline Oil will post 2.83 EPS 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.