Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Of 11 analysts covering Tourmaline Oil, six recommend holding the stock, four rate it a buy, and one gives it a strong-buy rating. The average one-year price target is $65.00.
• Shares recently traded at $45.83, up 2.2%: Tourmaline has a market capitalization of approximately $17.81 billion and has traded between $41.25 and $51.20 over the past year.
• Institutional ownership remains limited: Kahn Brothers Group initiated a position worth about $1.13 million, while institutional investors collectively own approximately 1.76% of the company.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven research firms that are currently 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.00.

TRMLF has been the topic of several analyst reports. Desjardins raised Tourmaline Oil to a "hold" rating in a research report on Thursday, July 16th. Scotiabank restated an "outperform" rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Finally, Zacks Research upgraded shares of Tourmaline Oil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 25th.

Hedge Funds Weigh In On Tourmaline Oil

A hedge fund recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. purchased a new stake in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,959 shares of the company's stock, valued at approximately $1,127,000. 1.76% of the stock is currently owned by institutional investors.

Tourmaline Oil Trading Up 2.2%

Shares of TRMLF stock opened at $45.83 on Wednesday. The company has a market cap of $17.81 billion, a PE ratio of 63.65 and a beta of -0.24. Tourmaline Oil has a 1 year low of $41.25 and a 1 year high of $51.20. The stock's 50 day simple moving average is $44.41 and its two-hundred day simple moving average is $45.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

About Tourmaline Oil

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.

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