Tourmaline Oil (TRMLF) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Tourmaline is expected to report quarterly results after the close on May 6, with analysts forecasting $0.719 EPS and revenue of about $1.221 billion.
• In the prior quarter (reported Mar. 4) Tourmaline posted $0.59 EPS—beating estimates—with $1.25 billion in revenue, and analysts project about $3.00 EPS for both the current and next fiscal years.
• The stock trades around $46.55 with an $18.07 billion market cap and a high P/E of 89.52, and Wall Street’s consensus is a "Moderate Buy" with a $65.00 target price.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) will likely be issuing its results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.7190 per share and revenue of $1.2212 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.35 by $0.24. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.14 billion. Tourmaline Oil had a net margin of 4.13% and a return on equity of 7.75%. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tourmaline Oil Stock Performance

Shares of TRMLF stock opened at $46.55 on Wednesday. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 89.52, a price-to-earnings-growth ratio of 1.46 and a beta of -0.32. Tourmaline Oil has a 52 week low of $40.01 and a 52 week high of $51.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $46.58 and a 200-day moving average of $45.14.

Wall Street Analyst Weigh In

TRMLF has been the subject of several recent analyst reports. Scotiabank raised shares of Tourmaline Oil to a "strong-buy" rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Tourmaline Oil from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 18th. Finally, ATB Cormark Capital Markets downgraded shares of Tourmaline Oil from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.00.

Tourmaline Oil Company Profile

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.

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