Brokerages Set Tourmaline Oil Corp. (OTCMKTS:TRMLF) PT at $65.00

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $65.00.

Several equities research analysts have commented on the stock. Canaccord Genuity Group cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Scotiabank raised shares of Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, April 1st. ATB Cormark Capital Markets cut shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. BMO Capital Markets cut shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th.

Tourmaline Oil Price Performance

Shares of OTCMKTS TRMLF opened at $49.81 on Thursday. The firm has a market cap of $19.33 billion, a PE ratio of 36.63 and a beta of -0.24. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. Tourmaline Oil has a 1-year low of $40.01 and a 1-year high of $51.20. The company has a fifty day moving average price of $47.10 and a 200 day moving average price of $45.58.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.61. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Tourmaline Oil had a net margin of 10.27% and a return on equity of 10.46%. Research analysts predict that Tourmaline Oil will post 2.73 earnings per share 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.