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

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

Several research firms recently weighed in on TRMLF. Raymond James Financial upgraded Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. CIBC reissued an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday, June 24th. Finally, Morgan Stanley restated a "cautious" rating on shares of Tourmaline Oil in a report on Wednesday, March 26th.

Tourmaline Oil Trading Up 0.7%

Tourmaline Oil stock traded up $0.31 during mid-day trading on Friday, reaching $45.11. 41,817 shares of the company traded hands, compared to its average volume of 68,915. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $50.01. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.62 and a beta of -0.32. The firm's 50 day moving average price is $46.70 and its 200 day moving average price is $46.29.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced 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). Tourmaline Oil had a net margin of 21.16% and a return on equity of 8.30%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.80 billion. On average, analysts anticipate 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, June 30th. Shareholders of record on Tuesday, June 17th were issued a $0.3598 dividend. This represents a yield of 2.95%. This is an increase from Tourmaline Oil's previous dividend of $0.25. The ex-dividend date was Monday, June 16th. Tourmaline Oil's payout ratio is 60.08%.

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.