Tourmaline Oil (TRMLF) to Release Quarterly Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is projected to announce its results after the market closes on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $1.1363 billion for the quarter.

Tourmaline Oil Stock Up 2.5%

Shares of OTCMKTS:TRMLF opened at $46.93 on Monday. The firm has a market capitalization of $18.17 billion, a PE ratio of 18.70, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48. The firm’s 50-day moving average is $44.76 and its two-hundred day moving average is $44.06.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRMLF. Zacks Research downgraded shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Morgan Stanley set a $65.00 price objective on Tourmaline Oil in a research report on Thursday, November 20th. Finally, Roth Mkm assumed coverage on Tourmaline Oil in a report on Friday, December 19th. They issued a “neutral” rating for the company. Two 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.00.

Tourmaline Oil Company Profile

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.