Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Average Recommendation of "Moderate Buy" from Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) has received an average recommendation of "Moderate Buy" from the four brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have issued reports on the company. Morgan Stanley reiterated a "cautious" rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Desjardins downgraded Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Raymond James Financial upgraded Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. CIBC reiterated an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday. Finally, Cormark upgraded Tourmaline Oil to a "moderate buy" rating in a research report on Friday, March 7th.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock traded up $0.68 during midday trading on Monday, hitting $47.56. 113,746 shares of the company were exchanged, compared to its average volume of 41,050. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $18.39 billion, a P/E ratio of 19.57, a PEG ratio of 0.43 and a beta of -0.42. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $50.01. The firm has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $46.00.

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 (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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.80 billion. Research analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.3598 per share. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 2.95%. This is an increase from Tourmaline Oil's previous dividend of $0.25. Tourmaline Oil's payout ratio is presently 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.