Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Rating of "Hold" by 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%.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

TRMLF has been the subject of a number of recent research reports. Raymond James Financial cut shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. CIBC reissued an "outperform" rating on shares of Tourmaline Oil in a research note on Tuesday, June 24th.

Tourmaline Oil Stock Performance

Shares of Tourmaline Oil stock traded up $0.18 on Tuesday, hitting $41.85. 2,036 shares of the company's stock were exchanged, compared to its average volume of 76,156. The company has a 50-day simple moving average of $45.68 and a 200-day simple moving average of $45.77. The stock has a market capitalization of $16.19 billion, a PE ratio of 14.53, a PEG ratio of 0.59 and a beta of -0.33. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.66 by $0.32. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.84 billion. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. As a group, equities analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Cuts Dividend

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

Tourmaline Oil Company Profile

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.