Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Rating of “Hold” from Brokerages

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been given a consensus rating of “Hold” by the three research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reiterated a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Raymond James upgraded shares of Tourmaline Oil to a “moderate buy” rating in a report on Monday, April 7th. Cormark upgraded shares of Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th. Finally, Desjardins cut shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

Tourmaline Oil Stock Performance

Tourmaline Oil stock opened at $42.78 on Wednesday. The firm has a fifty day simple moving average of $46.15 and a two-hundred day simple moving average of $46.11. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The company has a market capitalization of $16.02 billion, a PE ratio of 13.20, a P/E/G ratio of 0.83 and a beta of -0.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10.

Tourmaline Oil (OTCMKTS:TRMLF) last released its earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.59 billion. Research analysts expect that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.3504 dividend. This represents a dividend yield of 3.14%. This is a positive change from Tourmaline Oil’s previous dividend of $0.24. The ex-dividend date was Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 54.12%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.