Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $65.00.

A number of research analysts recently weighed in on the company. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. BMO Capital Markets cut shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th.

Tourmaline Oil Trading Up 2.2%

OTCMKTS TRMLF opened at $42.42 on Friday. The stock has a market capitalization of $16.47 billion, a P/E ratio of 31.19 and a beta of -0.22. Tourmaline Oil has a 52-week low of $40.01 and a 52-week high of $51.20. The firm has a 50-day moving average price of $45.69 and a 200 day moving average price of $45.63. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

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, topping the consensus estimate of $0.62 by $0.61. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%. Equities research analysts expect that Tourmaline Oil will post 3.05 EPS for the current 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.