Tourmaline Oil (OTCMKTS:TRMLF) Rating Increased to Hold at Desjardins

Tourmaline Oil (OTCMKTS:TRMLF) was upgraded by research analysts at Desjardins to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on TRMLF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Canaccord Genuity Group downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Scotiabank reaffirmed an “outperform” rating on shares of Tourmaline Oil in a report on Friday. Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, BMO Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF opened at $44.56 on Thursday. Tourmaline Oil has a 1 year low of $40.01 and a 1 year high of $51.20. 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 firm has a market cap of $17.30 billion, a price-to-earnings ratio of 32.76 and a beta of -0.22. The company has a fifty day moving average price of $45.02 and a 200-day moving average price of $45.59.

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 net margin of 10.27% and a return on equity of 10.46%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts predict that Tourmaline Oil will post 2.83 EPS for the current fiscal year.

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.