Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives $65.00 Consensus Price Target from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $65.00.

A number of research analysts recently commented on the company. Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. ATB Cormark Capital Markets cut Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Finally, Roth Mkm initiated coverage on shares of Tourmaline Oil in a research report on Friday, December 19th. They set a “neutral” rating for the company.

Tourmaline Oil Stock Performance

Shares of TRMLF stock opened at $47.80 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48. The company’s fifty day moving average price is $46.89 and its two-hundred day moving average price is $45.07. The firm has a market capitalization of $18.51 billion, a P/E ratio of 91.92, a P/E/G ratio of 4.78 and a beta of -0.31. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $51.20.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, March 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.24. Tourmaline Oil had a return on equity of 7.67% and a net margin of 4.13%.The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.14 billion. On average, research analysts anticipate that Tourmaline Oil will post 2.52 earnings per share 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.