Tourmaline Oil (OTCMKTS:TRMLF) Shares Gap Down – Should You Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $45.50, but opened at $42.47. Tourmaline Oil shares last traded at $44.4570, with a volume of 29,534 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRMLF. Capital One Financial raised Tourmaline Oil to a “strong-buy” rating in a research report on Monday, October 27th. TD Securities downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. The Goldman Sachs Group initiated coverage on Tourmaline Oil in a research note on Monday, October 13th. They set a “buy” rating on the stock. Finally, Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a report on Wednesday, October 29th. Two equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.00.

Tourmaline Oil Stock Down 1.1%

The company has a market cap of $16.97 billion, a PE ratio of 17.47, a PEG ratio of 1.15 and a beta of -0.34. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $44.19 and its 200-day moving average is $44.47.

Tourmaline Oil (OTCMKTS:TRMLF) last posted 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 for the quarter, compared to analysts’ expectations of $1.20 billion. Tourmaline Oil had a net margin of 21.15% and a return on equity of 8.27%. On average, analysts predict that Tourmaline Oil Corp. will post 2.52 EPS for the current year.

About Tourmaline Oil

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.