Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Consensus PT from Brokerages

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $65.00.

TRMLF has been the subject of several recent analyst reports. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Scotiabank reissued an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 17th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Tuesday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Finally, BMO Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new stake in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF opened at $44.89 on Friday. The company has a market cap of $17.45 billion, a P/E ratio of 62.35 and a beta of -0.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.88 and a current ratio of 0.72. The business’s 50 day moving average price is $43.61 and its 200-day moving average price is $45.55. Tourmaline Oil has a fifty-two week low of $40.01 and a fifty-two week high of $51.20.

Tourmaline Oil Company Profile

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.