Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Rating of "Hold" from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) have received a consensus rating of "Hold" from the three research firms that are presently covering the firm, Marketbeat reports. One research 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.

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

Tourmaline Oil Price Performance

OTCMKTS:TRMLF traded down $0.58 during mid-day trading on Thursday, reaching $45.34. The stock had a trading volume of 12,526 shares, compared to its average volume of 65,614. The stock has a market capitalization of $16.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.83 and a beta of -0.50. Tourmaline Oil has a one year low of $36.93 and a one year high of $50.01. The firm has a 50 day moving average price of $45.19 and a two-hundred day moving average price of $45.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.68). The business 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%. As a group, analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Cuts Dividend

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

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.