Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Rating of “Hold” from Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received an average rating of “Hold” from the three research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company.

A number of research firms have commented on TRMLF. Morgan Stanley restated a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Desjardins downgraded Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Raymond James raised Tourmaline Oil to a “moderate buy” rating in a research note on Monday, April 7th. Finally, Cormark raised Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF opened at $44.53 on Friday. The firm has a market capitalization of $16.68 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.83 and a beta of -0.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. The firm has a 50-day moving average price of $45.12 and a 200 day moving average price of $45.85.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.68). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.80 billion. Research analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.3504 dividend. This is a positive change from Tourmaline Oil’s previous dividend of $0.24. This represents a yield of 3.14%. The ex-dividend date of this dividend was Friday, March 14th. Tourmaline Oil’s dividend payout ratio is currently 56.79%.

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.