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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $65.00.

Several research firms have recently weighed in on TRMLF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 10th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Scotiabank reissued an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 17th. Finally, Desjardins upgraded Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th.

Tourmaline Oil Trading Down 0.2%

Shares of Tourmaline Oil stock opened at $43.45 on Wednesday. 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 has a 1 year low of $41.25 and a 1 year high of $51.20. The firm has a market cap of $16.88 billion, a PE ratio of 60.35 and a beta of -0.24. The company has a 50 day simple moving average of $44.43 and a two-hundred day simple moving average of $45.49.

Institutional Investors Weigh In On Tourmaline Oil

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new stake in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. is a Canadian energy company engaged in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The company focuses primarily on unconventional resource plays and operates an integrated portfolio of drilling, processing and infrastructure assets.

Tourmaline’s operations are concentrated in the Western Canadian Sedimentary Basin, particularly in the Alberta Deep Basin, Northeast British Columbia and the Alberta Montney.