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

Tourmaline Oil (OTCMKTS:TRMLF) is projected to issue its results after the market closes on Wednesday, July 29th. Analysts expect the company to post earnings of $0.6050 per share and revenue of $1.0936 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.61. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a return on equity of 10.46% and a net margin of 10.27%. 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 OTCMKTS TRMLF opened at $46.14 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $44.74 and a two-hundred day simple moving average of $45.62. The firm has a market cap of $17.93 billion, a PE ratio of 33.93 and a beta of -0.22. Tourmaline Oil has a twelve month low of $40.01 and a twelve month high of $51.20.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRMLF. Zacks Research lowered Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 17th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group lowered shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” 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.