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

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

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

Tourmaline Oil Trading Down 0.1 %

Tourmaline Oil stock opened at $44.47 on Friday. The company has a 50 day moving average price of $45.11 and a 200 day moving average price of $45.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.83 and a beta of -0.50.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.68). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.80 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. Research analysts forecast that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.3504 dividend. This represents a dividend yield of 3.14%. This is an increase from Tourmaline Oil’s previous dividend of $0.24. The ex-dividend date was Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 56.79%.

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.