Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Average Rating of “Hold” by Brokerages

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been assigned an average rating of “Hold” from the three ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a strong buy recommendation to the company.

A number of research firms have weighed in on TRMLF. Raymond James raised shares of Tourmaline Oil to a “moderate buy” rating in a research note on Monday, April 7th. Desjardins lowered Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Morgan Stanley reiterated a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Finally, Cormark upgraded Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF opened at $43.74 on Wednesday. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $46.06 and its 200 day simple moving average is $46.08. The firm has a market capitalization of $16.38 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.83 and a beta of -0.59.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. On average, analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.3504 per share. The ex-dividend date was Friday, March 14th. This is an increase from Tourmaline Oil’s previous dividend of $0.24. This represents a yield of 3.14%. Tourmaline Oil’s payout ratio is presently 54.12%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.