Tourmaline Oil (OTCMKTS:TRMLF) Trading Down 1.6% – Time to Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLF) traded down 1.6% during trading on Monday . The company traded as low as $41.6522 and last traded at $41.72. Approximately 89,727 shares traded hands during trading, a decline of 55% from the average session volume of 198,740 shares. The stock had previously closed at $42.40.

Wall Street Analysts Forecast Growth

TRMLF has been the topic of a number of research reports. Scotiabank upgraded Tourmaline Oil to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Canaccord Genuity Group downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets lowered shares of Tourmaline Oil from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Finally, BMO Capital Markets downgraded shares of Tourmaline Oil from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Tourmaline Oil Trading Down 1.2%

The company has a 50 day moving average of $45.88 and a 200 day moving average of $45.74. The firm has a market cap of $16.04 billion, a P/E ratio of 30.38 and a beta of -0.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 0.88.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.61. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Tourmaline Oil had a net margin of 10.27% and a return on equity of 10.46%. Analysts predict that Tourmaline Oil Corp. will post 3.42 EPS for the current fiscal year.

Tourmaline Oil Company Profile

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.