FY2025 EPS Estimates for Tourmaline Oil Decreased by Cormark

Tourmaline Oil Corp. (OTCMKTS:TRMLF) – Equities research analysts at Cormark dropped their FY2025 EPS estimates for Tourmaline Oil in a report issued on Thursday, November 6th. Cormark analyst K. Baim now expects that the company will earn $2.60 per share for the year, down from their prior forecast of $2.95. The consensus estimate for Tourmaline Oil’s current full-year earnings is $2.52 per share.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Tourmaline Oil had a return on equity of 8.58% and a net margin of 21.15%.

Several other research analysts have also issued reports on the company. Scotiabank raised Tourmaline Oil to a “strong-buy” rating in a research report on Wednesday, October 29th. Raymond James Financial lowered Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. The Goldman Sachs Group began coverage on shares of Tourmaline Oil in a research note on Monday, October 13th. They issued a “buy” rating for the company. Finally, TD Securities lowered shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Tourmaline Oil Stock Performance

Shares of TRMLF opened at $42.48 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. The firm has a market cap of $16.44 billion, a PE ratio of 16.92, a P/E/G ratio of 0.75 and a beta of -0.31. Tourmaline Oil has a 12 month low of $38.85 and a 12 month high of $50.01. The stock has a fifty day moving average price of $43.52 and a 200-day moving average price of $44.59.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 16th were issued a dividend of $0.362 per share. This represents a dividend yield of 344.0%. This is a positive change from Tourmaline Oil’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, September 15th. Tourmaline Oil’s dividend payout ratio is presently 58.17%.

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.