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

Key Points

• Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received an average analysts' rating of "Hold," with one sell, one strong buy, and four hold ratings among seven brokerage firms.
• The company has increased its dividend to $0.362, up from a previous dividend of $0.25, reflecting a 344.0% yield.
• Tourmaline Oil's recent earnings report showed $0.98 earnings per share, exceeding expectations, though revenue was below consensus estimates at $1.11 billion.

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

TRMLF has been the subject of a number of analyst reports. CIBC reaffirmed an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday, June 24th. TD Securities downgraded Tourmaline Oil to a "hold" rating in a report on Tuesday. Raymond James Financial lowered shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Zacks Research raised Tourmaline Oil from a "strong sell" rating to a "hold" rating in a report on Friday, September 19th.

Tourmaline Oil Stock Down 4.2%

Shares of Tourmaline Oil stock opened at $43.16 on Wednesday. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01. The company has a 50-day moving average of $43.04 and a 200 day moving average of $44.95. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.64 and a beta of -0.33. 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 (OTCMKTS:TRMLF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.32. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were issued a $0.362 dividend. This represents a yield of 344.0%. The ex-dividend date was Monday, September 15th. This is a positive change from Tourmaline Oil's previous dividend of $0.25. Tourmaline Oil's dividend payout ratio is 50.69%.

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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