Tourmaline Oil Corp. (OTCMKTS:TRMLF) Stock Has Average Target Price of $65.00

Key Points

• Tourmaline Oil has a consensus “Hold” rating from 10 analysts, with five holds, three buys, one strong buy and one sell. The average 12-month price target is $65.00.
• Analyst opinions have recently shifted, including Goldman Sachs downgrading the stock from “buy” to “sell,” while Zacks Research upgraded it from “strong sell” to “hold.”
• TRMLF opened at $44.81 and has traded between $40.04 and $51.20 over the past year. Kahn Brothers also disclosed a new stake worth approximately $1.13 million.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has earned a consensus recommendation of "Hold" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $65.00.

A number of research analysts recently weighed in on TRMLF shares. The Goldman Sachs Group downgraded Tourmaline Oil from a "buy" rating to a "sell" rating in a research note on Thursday, October 1st. Zacks Research raised shares of Tourmaline Oil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Tourmaline Oil in a report on Friday, July 10th. Scotiabank reissued an "outperform" rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Finally, Desjardins upgraded shares of Tourmaline Oil to a "hold" rating in a report on Thursday, July 16th.

Tourmaline Oil Trading Up 0.7%

TRMLF opened at $44.81 on Friday. Tourmaline Oil has a 1-year low of $40.04 and a 1-year high of $51.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market cap of $17.41 billion, a P/E ratio of 62.24 and a beta of -0.21. The company has a fifty day moving average price of $44.03 and a two-hundred day moving average price of $45.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. acquired a new position in Tourmaline Oil Corp. (OTCMKTS:TRMLF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,959 shares of the company's stock, valued at approximately $1,127,000. Hedge funds and other institutional investors own 1.76% of the company's stock.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. is a Canadian natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, development and operation of long-life, resource-rich properties in the Western Canadian Sedimentary Basin.

Tourmaline's operations are concentrated in three core areas: the Alberta Deep Basin, northeast British Columbia and the Peace River region of Alberta. Its production portfolio includes natural gas, natural gas liquids, condensate and crude oil, supported by related gathering, processing, transportation and marketing infrastructure.

The company was established in 2008 and has grown through exploration, development and strategic acquisitions.

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