Tourmaline Oil (TRMLF) Projected to Post Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) will likely be announcing its earnings results on Wednesday, May 7th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $1.80 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.59 billion. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Tourmaline Oil Stock Performance

TRMLF traded up $0.57 on Friday, reaching $44.37. The company had a trading volume of 10,931 shares, compared to its average volume of 69,151. 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 1 year low of $36.93 and a 1 year high of $51.15. The stock has a market capitalization of $16.62 billion, a PE ratio of 13.69, a P/E/G ratio of 0.83 and a beta of -0.59. The stock has a 50-day moving average price of $45.21 and a 200-day moving average price of $45.87.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.3504 dividend. This is an increase from Tourmaline Oil's previous dividend of $0.24. This represents a dividend yield of 3.14%. The ex-dividend date was Friday, March 14th. Tourmaline Oil's payout ratio is presently 54.12%.

Analysts Set New Price Targets

TRMLF has been the subject of a number of research reports. Cormark upgraded Tourmaline Oil to a "moderate buy" rating in a research note on Friday, March 7th. Morgan Stanley reaffirmed a "cautious" rating on shares of Tourmaline Oil in a report on Wednesday, March 26th. Desjardins lowered Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Raymond James raised Tourmaline Oil to a "moderate buy" rating in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

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.