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

Key Points

• Tourmaline Oil Corp. received a consensus recommendation of "Hold" from analysts, with ratings including one sell, two holds, one buy, and one strong buy.
• The company posted earnings of $0.98 per share for the latest quarter, exceeding expectations, but reported revenue of $1.11 billion, falling short of analyst estimates.
• Tourmaline Oil recently announced a dividend of $0.2534 per share, resulting in a yield of 242.0%, with a payout ratio of 50.69%.

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

Several research analysts have recently weighed in on the stock. Raymond James Financial cut shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. CIBC reaffirmed an "outperform" rating on shares of Tourmaline Oil in a report on Tuesday, June 24th.

Tourmaline Oil Stock Performance

TRMLF stock traded up $0.20 during midday trading on Friday, reaching $41.95. 24,043 shares of the company's stock traded hands, compared to its average volume of 79,834. The company has a 50-day moving average price of $43.44 and a two-hundred day moving average price of $45.08. 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 has a 52 week low of $38.85 and a 52 week high of $50.01. The firm has a market capitalization of $16.23 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.60 and a beta of -0.33.

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

Tourmaline Oil Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, August 11th were given a $0.2534 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 242.0%. Tourmaline Oil's payout ratio is 50.00%.

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.