Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Ten brokerages give Tourmaline Oil an average rating of "Moderate Buy" (1 sell, 4 hold, 3 buy, 2 strong buy) with a 12‑month average target price of $65.00.
• Earnings beat: Tourmaline reported $0.59 EPS vs. $0.35 expected and revenue of $1.25B vs. $1.14B, and analysts forecast ~2.52 EPS for the current fiscal year.
• Stock and valuation snapshot: shares opened at $50.32 with a 52‑week range of $38.85–$51.20, market cap ~$19.48B and a P/E of 96.77.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $65.00.

Several equities analysts recently commented on the company. ATB Cormark Capital Markets lowered Tourmaline Oil from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 5th. Roth Mkm assumed coverage on Tourmaline Oil in a report on Friday, December 19th. They set a "neutral" rating for the company. Finally, Zacks Research raised Tourmaline Oil from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 18th.

Tourmaline Oil Stock Up 1.4%

Shares of Tourmaline Oil stock opened at $50.32 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06. Tourmaline Oil has a 52-week low of $38.85 and a 52-week high of $51.20. The company has a market capitalization of $19.48 billion, a P/E ratio of 96.77, a P/E/G ratio of 5.72 and a beta of -0.31. The company has a 50 day moving average of $46.26 and a 200 day moving average of $44.85.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.24. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.14 billion. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.67%. As a group, research analysts forecast that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Company Profile

Tourmaline Oil is a Canadian energy company engaged principally in the exploration, development and production of natural gas, natural gas liquids (NGLs) and oil. The company focuses on upstream activities across multiple resource plays, targeting conventional and unconventional reservoirs with the aim of delivering stable production and reserves growth. In addition to well drilling and completion, Tourmaline develops associated surface facilities and infrastructure needed to gather, process and market its production.

Production from Tourmaline is weighted toward natural gas and associated liquids, and the company emphasizes operational efficiency and capital discipline in its development programs.

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