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

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

Several brokerages recently commented on TRMLF. Raymond James Financial raised shares of Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. Desjardins lowered shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Cormark raised shares of Tourmaline Oil to a "moderate buy" rating in a research report on Friday, March 7th. Finally, Morgan Stanley reaffirmed a "cautious" rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th.

Tourmaline Oil Stock Performance

TRMLF stock opened at $48.95 on Monday. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.45 and a beta of -0.42. The firm has a 50-day simple moving average of $45.96 and a two-hundred day simple moving average of $45.96. Tourmaline Oil has a one year low of $36.93 and a one year high of $50.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 21.16% and a return on equity of 8.30%. On average, equities analysts forecast that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.3598 per share. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Tourmaline Oil's previous dividend of $0.25. This represents a yield of 2.95%. Tourmaline Oil's dividend payout ratio (DPR) is currently 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.

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