Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Average PT from Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $65.00.

A number of equities research analysts have issued reports on the company. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, April 1st. ATB Cormark Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Canaccord Genuity Group cut Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. BMO Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th.

Tourmaline Oil Stock Down 0.2%

Shares of Tourmaline Oil stock opened at $45.14 on Monday. The stock has a market capitalization of $17.53 billion, a P/E ratio of 33.19 and a beta of -0.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $46.44 and a two-hundred day moving average price of $46.00. Tourmaline Oil has a 12-month low of $40.01 and a 12-month high of $51.20.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.61. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%. Equities analysts expect that Tourmaline Oil will post 3.42 earnings per share for the current year.

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.