Brokerages Set Tourmaline Oil Corp. (OTCMKTS:TRMLF) Target Price at $65.00

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $65.00.

A number of brokerages have weighed in on TRMLF. Roth Mkm started coverage on Tourmaline Oil in a research report on Friday, December 19th. They issued a “neutral” rating for the company. Morgan Stanley set a $65.00 target price on Tourmaline Oil in a report on Thursday, November 20th. Finally, Zacks Research cut Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.

Tourmaline Oil Trading Up 0.1%

Shares of OTCMKTS:TRMLF opened at $46.97 on Friday. The stock has a market capitalization of $18.18 billion, a PE ratio of 18.71, a P/E/G ratio of 1.63 and a beta of -0.31. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01. The firm has a fifty day moving average price of $44.82 and a 200 day moving average price of $44.10. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06.

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.