Tourmaline Oil (TRMLF) Expected to Announce Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is expected to be announcing its results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $1.1537 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.24. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Tourmaline Oil had a return on equity of 7.75% and a net margin of 4.13%. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tourmaline Oil Price Performance

TRMLF opened at $48.52 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 93.31 and a beta of -0.24. The stock has a fifty day simple moving average of $46.68 and a two-hundred day simple moving average of $45.21. Tourmaline Oil has a 12-month low of $40.01 and a 12-month high of $51.20.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, ATB Cormark Capital Markets cut shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.