Analysts Set Tourmaline Oil Corp. (OTCMKTS:TRMLF) PT at $65.00

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $65.00.

Several brokerages recently issued reports on TRMLF. Scotiabank upgraded Tourmaline Oil to a “strong-buy” rating in a report on Wednesday, April 1st. ATB Cormark Capital Markets downgraded Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Canaccord Genuity Group downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. BMO Capital Markets downgraded Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th.

Tourmaline Oil Stock Down 2.4%

Shares of OTCMKTS TRMLF opened at $48.75 on Thursday. Tourmaline Oil has a 12-month low of $40.01 and a 12-month high of $51.20. The company has a market cap of $18.92 billion, a P/E ratio of 35.85 and a beta of -0.24. 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 stock has a fifty day moving average price of $47.20 and a 200 day moving average price of $45.66.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.61. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.15 billion. Research analysts anticipate that Tourmaline Oil will post 2.73 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.