Tourmaline Oil Corp. (OTCMKTS:TRMLF) Given Average Rating of “Hold” by Analysts

Tourmaline Oil Corp. (OTCMKTS:TRMLF) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial downgraded shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. TD Securities lowered shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group started coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They set a “buy” rating on the stock. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Finally, Capital One Financial upgraded shares of Tourmaline Oil to a “strong-buy” rating in a report on Monday.

Tourmaline Oil Price Performance

Tourmaline Oil stock opened at $44.00 on Friday. The company’s 50 day simple moving average is $43.28 and its 200-day simple moving average is $44.64. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.76 and a beta of -0.31. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.32. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.84 billion. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. As a group, equities research analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.362 per share. This is a boost from Tourmaline Oil’s previous dividend of $0.25. The ex-dividend date was Monday, September 15th. This represents a yield of 344.0%. Tourmaline Oil’s dividend payout ratio (DPR) is currently 50.69%.

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.