Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Consensus Recommendation of "Hold" by Analysts

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

Several equities research analysts recently issued reports on TRMLF shares. Raymond James raised shares of Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. Cormark upgraded Tourmaline Oil to a "moderate buy" rating in a report on Friday, March 7th. Morgan Stanley reiterated a "cautious" rating on shares of Tourmaline Oil in a report on Wednesday, March 26th. Finally, Desjardins lowered Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

Tourmaline Oil Stock Performance

Shares of OTCMKTS:TRMLF traded up $1.82 during midday trading on Wednesday, hitting $42.78. The stock had a trading volume of 119,078 shares, compared to its average volume of 76,187. Tourmaline Oil has a 1 year low of $36.93 and a 1 year high of $51.15. The stock has a 50 day moving average price of $46.15 and a two-hundred day moving average price of $46.11. The company has a market capitalization of $16.02 billion, a PE ratio of 13.20, a P/E/G ratio of 0.83 and a beta of -0.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.59 billion. As a group, equities 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 announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.3504 dividend. This represents a yield of 3.14%. This is a boost from Tourmaline Oil's previous dividend of $0.24. The ex-dividend date of this dividend was Friday, March 14th. Tourmaline Oil's dividend payout ratio (DPR) is presently 54.12%.

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.