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

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

TRMLF has been the subject of several research reports. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Desjardins upgraded shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 10th. Finally, Scotiabank reissued an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 17th.

Tourmaline Oil Stock Performance

TRMLF opened at $43.45 on Wednesday. The company has a fifty day moving average price of $44.43 and a two-hundred day moving average price of $45.48. Tourmaline Oil has a 1-year low of $41.25 and a 1-year high of $51.20. The company has a market cap of $16.88 billion, a P/E ratio of 60.35 and a beta of -0.24. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

Institutional Trading of Tourmaline Oil

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. purchased a new stake in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 Company Profile

Tourmaline Oil Corp. is a Canadian energy company engaged in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The company focuses primarily on unconventional resource plays and operates an integrated portfolio of drilling, processing and infrastructure assets.

Tourmaline’s operations are concentrated in the Western Canadian Sedimentary Basin, particularly in the Alberta Deep Basin, Northeast British Columbia and the Alberta Montney.