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

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the four analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

TRMLF has been the topic of several recent research reports. Raymond James Financial raised Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. CIBC restated an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday, June 24th. Finally, Morgan Stanley reiterated a "cautious" rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock traded down $0.51 during trading on Friday, hitting $44.60. 113,397 shares of the stock traded hands, compared to its average volume of 69,246. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $50.01. The firm's fifty day moving average is $46.71 and its 200-day moving average is $46.28. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 0.62 and a beta of -0.32.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.68). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.80 billion. Tourmaline Oil had a net margin of 21.16% and a return on equity of 8.30%. Research analysts expect that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.3598 per share. This is a positive change from Tourmaline Oil's previous dividend of $0.25. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 2.95%. Tourmaline Oil's payout ratio is currently 60.08%.

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.