Tourmaline Oil Corp. (OTCMKTS:TRMLF) Stock Now Rated “Hold” by Sell-Side Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $65.00.

TRMLF has been the topic of a number of research analyst reports. Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. The Goldman Sachs Group cut shares of Tourmaline Oil from a “buy” rating to a “sell” rating in a research note on Thursday, October 1st. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a report on Monday, October 19th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new position in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. 1.76% of the stock is currently owned by institutional investors.

Tourmaline Oil Stock Down 1.0%

OTCMKTS:TRMLF opened at $44.12 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 12.89 and a beta of -0.29. Tourmaline Oil has a one year low of $40.04 and a one year high of $51.20. The stock has a 50-day simple moving average of $45.25 and a 200 day simple moving average of $45.50.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, November 4th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.57 by $0.60. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. Tourmaline Oil had a return on equity of 11.95% and a net margin of 12.12%. Sell-side analysts predict that Tourmaline Oil will post 2.73 EPS for the current fiscal year.

About Tourmaline Oil

Tourmaline Oil Corp. is a Canadian energy company focused on the exploration, development and production of natural gas, natural gas liquids and crude oil. The company’s operations are concentrated in Western Canada, including resource areas in Alberta and British Columbia.

Founded in 2008, Tourmaline has grown through development of its natural gas and liquids-rich assets and through acquisitions. Its activities span the energy-production process, from identifying and developing reserves to producing and marketing hydrocarbons.

Tourmaline is headquartered in Calgary, Alberta.