Tourmaline Oil (OTCMKTS:TRMLF) Shares Gap Down – Should You Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $45.64, but opened at $44.00. Tourmaline Oil shares last traded at $45.7840, with a volume of 3,024 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRMLF shares. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Roth Mkm assumed coverage on shares of Tourmaline Oil in a research note on Friday, December 19th. They issued a “neutral” rating on the stock. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group initiated coverage on Tourmaline Oil in a report on Monday, October 13th. They issued a “buy” rating for the company. Finally, TD Securities downgraded Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Tourmaline Oil currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Tourmaline Oil Stock Performance

The business has a 50-day moving average of $44.42 and a two-hundred day moving average of $43.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $17.79 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.62 and a beta of -0.32.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.20 billion. Tourmaline Oil had a net margin of 21.15% and a return on equity of 8.27%. On average, sell-side analysts predict that Tourmaline Oil Corp. will post 2.52 EPS for the current fiscal year.

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.