Tourmaline Oil (OTCMKTS:TRMLF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Roth Mkm started coverage on shares of Tourmaline Oil in a report on Friday, December 19th. They set a “neutral” rating for the company. ATB Cormark Capital Markets cut shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Morgan Stanley set a $65.00 price target on Tourmaline Oil in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Tourmaline Oil Trading Up 3.3%

OTCMKTS:TRMLF opened at $50.47 on Wednesday. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $51.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 97.06, a PEG ratio of 5.63 and a beta of -0.31. The firm has a fifty day simple moving average of $45.81 and a two-hundred day simple moving average of $44.64.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.24. Tourmaline Oil had a return on equity of 7.67% and a net margin of 4.13%.The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.14 billion. Analysts expect that Tourmaline Oil will post 2.52 EPS 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.