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

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

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

Tourmaline Oil Price Performance

TRMLF stock traded up $0.96 during trading on Thursday, reaching $46.03. The company's stock had a trading volume of 12,519 shares, compared to its average volume of 65,160. Tourmaline Oil has a 1 year low of $36.93 and a 1 year high of $50.01. 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 company has a market capitalization of $17.24 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.83 and a beta of -0.50. The company's fifty day moving average is $45.08 and its 200-day moving average is $45.85.

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

Tourmaline Oil Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, May 26th. Investors of record on Friday, May 16th were given a $0.2518 dividend. The ex-dividend date was Thursday, May 15th. This represents a yield of 2.22%. Tourmaline Oil's dividend payout ratio is currently 57.20%.

About Tourmaline Oil

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.