Tourmaline Oil Corp. (OTCMKTS:TRMLF) Stock Has Consensus Price Target of $65.00 According to Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $65.00.

A number of brokerages recently weighed in on TRMLF. Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group downgraded shares of Tourmaline Oil from a “buy” rating to a “sell” rating in a research note on Thursday, October 1st.

Tourmaline Oil Stock Up 2.9%

Shares of TRMLF opened at $46.86 on Friday. The firm has a market capitalization of $18.20 billion, a P/E ratio of 65.08 and a beta of -0.21. Tourmaline Oil has a 12-month low of $40.04 and a 12-month high of $51.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $44.32 and a 200-day moving average price of $44.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tourmaline Oil stock. Kahn Brothers Group Inc. acquired a new position in shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, development and operation of long-life, resource-rich properties in the Western Canadian Sedimentary Basin.

Tourmaline’s operations are concentrated in three core areas: the Alberta Deep Basin, northeast British Columbia and the Peace River region of Alberta. Its production portfolio includes natural gas, natural gas liquids, condensate and crude oil, supported by related gathering, processing, transportation and marketing infrastructure.

The company was established in 2008 and has grown through exploration, development and strategic acquisitions.