Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Average Target Price from Analysts
by Teresa Graham · The Cerbat GemTourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $65.00.
Several brokerages have issued reports on TRMLF. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, ATB Cormark Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th.
Read Our Latest Analysis on Tourmaline Oil
Tourmaline Oil Trading Down 0.8%
OTCMKTS TRMLF opened at $43.72 on Friday. Tourmaline Oil has a one year low of $40.01 and a one year high of $51.20. The company’s 50 day moving average price is $46.54 and its 200 day moving average price is $45.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 84.08, a PEG ratio of 1.39 and a beta of -0.32.
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.35 by $0.24. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.75%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.14 billion. On average, sell-side analysts predict that Tourmaline Oil will post 2.68 EPS for the current 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.