Tourmaline Oil Corp. (OTCMKTS:TRMLF) Stock Has Consensus Price Target of $65.00 According to Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have received a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $65.00.

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut Tourmaline Oil from a “buy” rating to a “sell” rating in a report on Thursday, October 1st. Desjardins raised Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a research note on Monday, October 19th. Finally, Zacks Research upgraded Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th.

Tourmaline Oil Price Performance

TRMLF stock opened at $44.55 on Thursday. The business has a 50 day simple moving average of $45.26 and a 200-day simple moving average of $45.51. The firm has a market capitalization of $17.27 billion, a PE ratio of 29.08 and a beta of -0.29. Tourmaline Oil has a 1 year low of $40.04 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.60. Tourmaline Oil had a return on equity of 11.95% and a net margin of 12.12%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Equities research analysts anticipate that Tourmaline Oil will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. acquired a new stake in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,959 shares of the company’s stock, valued at approximately $1,127,000. 1.76% of the stock is currently owned by institutional investors.

About Tourmaline Oil

Tourmaline Oil Corp. is a Canadian energy company focused on the exploration, development and production of natural gas, natural gas liquids and crude oil. The company’s operations are concentrated in Western Canada, including resource areas in Alberta and British Columbia.

Founded in 2008, Tourmaline has grown through development of its natural gas and liquids-rich assets and through acquisitions. Its activities span the energy-production process, from identifying and developing reserves to producing and marketing hydrocarbons.

Tourmaline is headquartered in Calgary, Alberta.