Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Down 5.1% – Should You Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s share price was down 5.1% on Thursday . The company traded as low as $43.02 and last traded at $43.48. Approximately 1,430 shares changed hands during trading, a decline of 99% from the average session volume of 225,394 shares. The stock had previously closed at $45.83.

Analyst Upgrades and Downgrades

Several analysts have commented on TRMLF shares. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s 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 Up 0.4%

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day moving average price is $44.40 and its two-hundred day moving average price is $45.53. The stock has a market capitalization of $16.90 billion, a PE ratio of 60.40 and a beta of -0.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new stake in Tourmaline Oil Corp. (OTCMKTS:TRMLF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. Institutional investors own 1.76% of the company’s stock.

About Tourmaline Oil

Tourmaline Oil Corp. is a Canadian energy company engaged in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The company focuses primarily on unconventional resource plays and operates an integrated portfolio of drilling, processing and infrastructure assets.

Tourmaline’s operations are concentrated in the Western Canadian Sedimentary Basin, particularly in the Alberta Deep Basin, Northeast British Columbia and the Alberta Montney.