Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $42.84, but opened at $45.24. Tourmaline Oil shares last traded at $43.74, with a volume of 6,270 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. BMO Capital Markets downgraded Tourmaline Oil from a "strong-buy" rating to a "market perform" rating in a research report on Thursday, May 7th. Canaccord Genuity Group cut Tourmaline Oil from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 7th. Scotiabank reaffirmed an "outperform" rating on shares of Tourmaline Oil in a research note on Friday, July 17th. Zacks Research downgraded Tourmaline Oil from a "hold" rating to a "strong sell" rating in a research note on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Tourmaline Oil in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Tourmaline Oil has an average rating of "Hold" and an average target price of $65.00.
Get Our Latest Stock Analysis on TRMLF
Tourmaline Oil Stock Performance
The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $17.00 billion, a PE ratio of 60.75 and a beta of -0.25. The stock's 50 day moving average price is $43.49 and its two-hundred day moving average price is $45.63.
Hedge Funds Weigh In On Tourmaline Oil
A hedge fund recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. purchased a new position in Tourmaline Oil Corp. (OTCMKTS:TRMLF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,959 shares of the company's stock, valued at approximately $1,127,000. Hedge funds and other institutional investors own 1.76% of the company's stock.
Tourmaline Oil Company Profile
(
Get Free Report)
Tourmaline Oil is a Canadian energy company engaged principally in the exploration, development and production of natural gas, natural gas liquids (NGLs) and oil. The company focuses on upstream activities across multiple resource plays, targeting conventional and unconventional reservoirs with the aim of delivering stable production and reserves growth. In addition to well drilling and completion, Tourmaline develops associated surface facilities and infrastructure needed to gather, process and market its production.
Production from Tourmaline is weighted toward natural gas and associated liquids, and the company emphasizes operational efficiency and capital discipline in its development programs.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Tourmaline Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tourmaline Oil wasn't on the list.
While Tourmaline Oil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
