Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Tourmaline Oil Corp. has received an average recommendation of "Hold" from seven brokerages, with two sell ratings, three hold ratings, and two buy ratings.
• The company reported an EPS of $0.98, exceeding estimates, but its revenue for the quarter was $1.11 billion, falling short of expectations.
• Tourmaline Oil recently increased its dividend to $0.362, representing a substantial dividend yield of 344.0%.

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company.

Several research firms have commented on TRMLF. TD Securities downgraded shares of Tourmaline Oil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They issued a "buy" rating on the stock. Raymond James Financial downgraded shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded shares of Tourmaline Oil from a "hold" rating to a "strong sell" rating in a report on Monday, October 20th.

Tourmaline Oil Trading Up 0.9%

Shares of Tourmaline Oil stock opened at $44.31 on Friday. The firm's 50 day moving average is $43.16 and its 200 day moving average is $44.58. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $17.15 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.76 and a beta of -0.31. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released 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 business 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%. Equities research analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were given a $0.362 dividend. This represents a dividend yield of 344.0%. This is a positive change from Tourmaline Oil's previous dividend of $0.25. The ex-dividend date was Monday, September 15th. Tourmaline Oil's dividend payout ratio (DPR) 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.

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