Tourmaline Oil (OTCMKTS:TRMLF) Cut to “Hold” at Desjardins

Tourmaline Oil (OTCMKTS:TRMLF) was downgraded by research analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Cormark raised shares of Tourmaline Oil to a “moderate buy” rating in a research note on Friday, March 7th.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF opened at $46.74 on Tuesday. The firm’s 50-day moving average is $46.74 and its 200-day moving average is $45.90. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $51.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.83 and a beta of -0.54.

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

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.