Brokers Set Expectations for Tourmaline Oil FY2025 Earnings

Tourmaline Oil Corp. (OTCMKTS:TRMLF) – Equities research analysts at Cormark reduced their FY2025 earnings per share estimates for Tourmaline Oil in a report issued on Thursday, November 6th. Cormark analyst K. Baim now expects that the company will post earnings per share of $2.60 for the year, down from their previous estimate of $2.95. The consensus estimate for Tourmaline Oil’s current full-year earnings is $2.52 per share.

Several other research firms also recently weighed in on TRMLF. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research note on Wednesday, October 29th. TD Securities lowered Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Zacks Research cut Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. The Goldman Sachs Group assumed coverage on Tourmaline Oil in a research report on Monday, October 13th. They set a “buy” rating on the stock. Finally, Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Tourmaline Oil Price Performance

Tourmaline Oil stock opened at $42.48 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.75 and a beta of -0.31. The firm has a 50-day moving average of $43.52 and a two-hundred day moving average of $44.59. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01.

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). Tourmaline Oil had a return on equity of 8.58% and a net margin of 21.15%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.20 billion.

Tourmaline Oil Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 16th were issued a $0.362 dividend. The ex-dividend date was Monday, September 15th. This represents a dividend yield of 344.0%. This is a boost from Tourmaline Oil’s previous dividend of $0.25. Tourmaline Oil’s dividend payout ratio (DPR) is 58.17%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.