Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Rating of "Hold" from Brokerages

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) have been given a consensus rating of "Hold" by the three analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have weighed in on TRMLF. Raymond James upgraded Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. Desjardins lowered shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. Morgan Stanley reissued a "cautious" rating on shares of Tourmaline Oil in a report on Wednesday, March 26th. Finally, Cormark raised shares of Tourmaline Oil to a "moderate buy" rating in a research note on Friday, March 7th.

Tourmaline Oil Stock Performance

TRMLF traded down $1.65 during trading on Friday, reaching $44.53. 48,193 shares of the company's stock were exchanged, compared to its average volume of 68,649. The company has a market capitalization of $16.68 billion, a P/E ratio of 13.74, a PEG ratio of 0.83 and a beta of -0.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $45.12 and a 200 day moving average price of $45.85. Tourmaline Oil has a fifty-two week low of $36.93 and a fifty-two week high of $51.15.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.68). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.80 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. As a group, analysts predict that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.3504 per share. This is a boost from Tourmaline Oil's previous dividend of $0.24. This represents a dividend yield of 3.14%. The ex-dividend date was Friday, March 14th. Tourmaline Oil's dividend payout ratio is 56.79%.

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.