Analysts Set Tourmaline Oil Corp. (OTCMKTS:TRMLF) Target Price at $65.00

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $65.00.

A number of equities analysts have weighed in on the company. Zacks Research upgraded Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. The Goldman Sachs Group initiated coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They issued a “buy” rating on the stock. Roth Mkm initiated coverage on Tourmaline Oil in a research note on Friday, December 19th. They set a “neutral” rating for the company. Capital One Financial upgraded Tourmaline Oil to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Morgan Stanley set a $65.00 price objective on Tourmaline Oil in a research note on Thursday, November 20th.

Tourmaline Oil Trading Down 1.0%

Shares of TRMLF stock opened at $45.31 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.92 and a beta of -0.33. The firm’s 50 day moving average price is $44.72 and its two-hundred day moving average price is $43.81. Tourmaline Oil has a fifty-two week low of $38.85 and a fifty-two week high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF) last announced 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). Tourmaline Oil had a net margin of 21.15% and a return on equity of 8.27%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current year.

About Tourmaline Oil

Tourmaline Oil is a Canadian energy company engaged principally in the exploration, development and production of natural gas, natural gas liquids (NGLs) and oil. The company focuses on upstream activities across multiple resource plays, targeting conventional and unconventional reservoirs with the aim of delivering stable production and reserves growth. In addition to well drilling and completion, Tourmaline develops associated surface facilities and infrastructure needed to gather, process and market its production.

Production from Tourmaline is weighted toward natural gas and associated liquids, and the company emphasizes operational efficiency and capital discipline in its development programs.