Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Consensus PT from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have earned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.00.

A number of equities analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They issued a “buy” rating for the company. Scotiabank upgraded Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. Roth Capital initiated coverage on shares of Tourmaline Oil in a report on Friday. They set a “neutral” rating for the company. Morgan Stanley set a $65.00 price objective on shares of Tourmaline Oil in a report on Thursday, November 20th. Finally, Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a research report on Monday, October 27th.

Tourmaline Oil Price Performance

Shares of TRMLF stock opened at $43.30 on Monday. The firm has a fifty day moving average of $44.20 and a two-hundred day moving average of $44.44. The firm has a market cap of $16.76 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.12 and a beta of -0.34. Tourmaline Oil has a 1-year low of $38.85 and a 1-year high of $50.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.20 billion. Tourmaline Oil had a return on equity of 8.27% and a net margin of 21.15%. As a group, research analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

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.