Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Rating of “Hold” from Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $65.00.

Several equities analysts have weighed in on the company. Zacks Research downgraded shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. TD Securities cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Raymond James Financial downgraded Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley set a $65.00 target price on Tourmaline Oil in a report on Thursday. Finally, The Goldman Sachs Group initiated coverage on Tourmaline Oil in a research note on Monday, October 13th. They issued a “buy” rating for the company.

Tourmaline Oil Stock Up 2.7%

Shares of OTCMKTS TRMLF opened at $45.18 on Thursday. Tourmaline Oil has a 12-month low of $38.85 and a 12-month high of $50.01. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.78 and a beta of -0.31. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $43.84 and its 200 day simple moving average is $44.51.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data 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 8.58% and a net margin of 21.15%. On average, research analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were issued a dividend of $0.362 per share. The ex-dividend date was Monday, September 15th. This is a positive change from Tourmaline Oil’s previous dividend of $0.25. This represents a dividend yield of 344.0%. 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.