Raymond James upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF - Free Report) to a moderate buy rating in a research report sent to investors on Monday, April 7th,Zacks.com reports.
TRMLF has been the subject of a number of other research reports. Desjardins lowered Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note 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 restated a "cautious" rating on shares of Tourmaline Oil in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".
Get Our Latest Stock Analysis on Tourmaline Oil
Tourmaline Oil Price Performance
Shares of OTCMKTS TRMLF traded up $1.82 during trading hours on Monday, reaching $42.78. 119,078 shares of the stock traded hands, compared to its average volume of 76,187. The company has a market capitalization of $16.02 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.83 and a beta of -0.59. The company's 50-day simple moving average is $46.15 and its two-hundred day simple moving average is $46.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $51.15.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.59 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. Equities research analysts forecast that Tourmaline Oil will post 2.52 EPS for the current year.
Tourmaline Oil Increases Dividend
The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.3504 dividend. This represents a dividend yield of 3.14%. This is a boost from Tourmaline Oil's previous dividend of $0.24. The ex-dividend date of this dividend was Friday, March 14th. Tourmaline Oil's dividend payout ratio (DPR) is currently 54.12%.
Tourmaline Oil Company Profile
(
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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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