Kahn Brothers Group Inc. Takes $1.13 Million Position in Tourmaline Oil Corp. $TRMLF

Kahn Brothers Group Inc. acquired a new position in Tourmaline Oil Corp. (OTCMKTS:TRMLF) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 26,959 shares of the company’s stock, valued at approximately $1,127,000.

Analyst Upgrades and Downgrades

TRMLF has been the topic of several recent analyst reports. Canaccord Genuity Group downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tourmaline Oil has an average rating of “Moderate Buy” and an average price target of $65.00.

Tourmaline Oil Stock Up 0.6%

Shares of TRMLF stock opened at $45.16 on Friday. Tourmaline Oil Corp. has a 12 month low of $40.01 and a 12 month high of $51.20. The company has a quick ratio of 0.88, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.55 billion, a PE ratio of 62.72 and a beta of -0.25. The stock has a 50 day moving average of $43.56 and a 200-day moving average of $45.55.

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.