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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $65.00.

A number of research firms have weighed in on TRMLF. Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 17th. Canaccord Genuity Group cut Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Desjardins raised Tourmaline Oil to a “hold” rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Finally, BMO Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th.

Tourmaline Oil Trading Down 0.7%

Tourmaline Oil stock opened at $44.17 on Tuesday. The firm has a 50-day moving average of $44.31 and a 200-day moving average of $45.68. Tourmaline Oil has a one year low of $40.01 and a one 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 company has a market cap of $17.16 billion, a price-to-earnings ratio of 61.35 and a beta of -0.22.

Tourmaline Oil (OTCMKTS:TRMLF) last released its earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.61. Tourmaline Oil had a return on equity of 9.05% and a net margin of 6.05%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts expect that Tourmaline Oil will post 2.88 earnings per share for the current fiscal 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.