Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received an average analyst rating of "Hold", with one sell rating, two hold ratings, one buy rating, and one strong buy rating.
• The company's latest quarterly earnings surpassed expectations, reporting $0.98 earnings per share against a consensus estimate of $0.66.
• Tourmaline Oil has announced a dividend payment of $0.2534 per share, resulting in a significant dividend yield of 242.0%.

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) have received an average rating of "Hold" from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have weighed in on the company. CIBC reissued an "outperform" rating on shares of Tourmaline Oil in a research note on Tuesday, June 24th. Raymond James Financial downgraded Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st.

Tourmaline Oil Stock Performance

Shares of OTCMKTS:TRMLF traded down $0.03 during trading on Tuesday, hitting $41.58. The stock had a trading volume of 15,847 shares, compared to its average volume of 75,859. Tourmaline Oil has a 12-month low of $38.85 and a 12-month high of $50.01. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.60 and a beta of -0.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $45.77 and a two-hundred day simple moving average of $45.81.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.32. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.84 billion. Tourmaline Oil had a return on equity of 9.90% and a net margin of 23.53%. On average, equities research analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, August 11th will be paid a $0.2534 dividend. This represents a yield of 242.0%. The ex-dividend date is Friday, August 8th. Tourmaline Oil's dividend payout ratio is presently 50.69%.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.