Tourmaline Oil (OTCMKTS:TRMLF) Releases Earnings Results, Beats Expectations By $0.24 EPS

Tourmaline Oil (OTCMKTS:TRMLF) issued its quarterly earnings results on Wednesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.24, Zacks reports. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.67%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.14 billion.

Tourmaline Oil Trading Up 3.0%

Shares of OTCMKTS:TRMLF traded up $1.36 during trading on Friday, reaching $46.62. The stock had a trading volume of 442,292 shares, compared to its average volume of 226,246. The stock has a market cap of $18.05 billion, a P/E ratio of 89.66, a PEG ratio of 1.69 and a beta of -0.31. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06. Tourmaline Oil has a fifty-two week low of $38.85 and a fifty-two week high of $50.01. The business has a fifty day moving average price of $44.99 and a 200-day moving average price of $44.19.

Analyst Ratings Changes

Several research analysts have commented on the company. Roth Mkm assumed coverage on Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating on the stock. Morgan Stanley set a $65.00 price target on shares of Tourmaline Oil in a research note on Thursday, November 20th. Finally, Zacks Research cut shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.00.

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.