Tourmaline Oil (OTCMKTS:TRMLF) Stock Rating Upgraded by Zacks Research

Tourmaline Oil (OTCMKTS:TRMLF) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

TRMLF has been the topic of a number of other research reports. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $65.00 price target on Tourmaline Oil in a research note on Thursday, November 20th. Capital One Financial raised Tourmaline Oil to a “strong-buy” rating in a research report on Monday, October 27th. The Goldman Sachs Group assumed coverage on Tourmaline Oil in a report on Monday, October 13th. They issued a “buy” rating for the company. Finally, TD Securities cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tourmaline Oil presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Tourmaline Oil Stock Performance

Shares of TRMLF opened at $43.50 on Monday. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.51 and a beta of -0.32. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $50.01. The firm has a fifty day simple moving average of $44.30 and a 200 day simple moving average of $43.77. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06.

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

About Tourmaline Oil

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.