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

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $65.00.

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

Institutional Inflows and Outflows

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

Tourmaline Oil Stock Up 0.7%

TRMLF stock opened at $45.44 on Thursday. Tourmaline Oil has a 12 month low of $40.04 and a 12 month high of $51.20. The firm has a market cap of $17.61 billion, a PE ratio of 12.90 and a beta of -0.29. The firm has a 50 day simple moving average of $45.22 and a 200 day simple moving average of $45.50. 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 results on Wednesday, November 4th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.60. Tourmaline Oil had a net margin of 12.12% and a return on equity of 11.95%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts forecast that Tourmaline Oil will post 2.73 earnings per share for the current fiscal year.

Tourmaline Oil Company Profile

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.