Tourmaline Oil (TRMLF) Expected to Announce Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is expected to post its results after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of $0.6930 per share and revenue of $1.0936 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF) last announced 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 during the quarter, compared to analyst estimates of $1.15 billion. Tourmaline Oil had a net margin of 10.27% and a return on equity of 10.46%. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tourmaline Oil Stock Up 1.6%

TRMLF opened at $45.12 on Wednesday. The stock has a market cap of $17.52 billion, a PE ratio of 33.18 and a beta of -0.22. 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 has a 52 week low of $40.01 and a 52 week high of $51.20. The business’s fifty day simple moving average is $44.88 and its 200 day simple moving average is $45.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Canaccord Genuity Group cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Finally, Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tourmaline Oil has an average rating of “Hold” and a consensus target price of $65.00.

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.