Tourmaline Oil (OTCMKTS:TRMLF) Shares Gap Up – Should You Buy?

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $45.80, but opened at $47.98. Tourmaline Oil shares last traded at $45.4510, with a volume of 9,353 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $65.00 price objective on Tourmaline Oil in a report on Thursday, November 20th. Roth Mkm assumed coverage on shares of Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating for the company. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Scotiabank upgraded 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, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Tourmaline Oil Stock Down 0.3%

The firm has a market cap of $17.58 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.59 and a beta of -0.33. 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 firm has a fifty day moving average of $44.64 and a 200-day moving average of $43.99.

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.