Tourmaline Oil (TRMLF) Set to Post Quarterly Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is expected to be posting its results after the market closes on Wednesday, November 4th. Analysts expect Tourmaline Oil to announce earnings of $0.6090 per share and revenue of $1.02 billion for the quarter.

Tourmaline Oil Price Performance

Shares of OTCMKTS TRMLF opened at $47.90 on Wednesday. Tourmaline Oil has a twelve month low of $40.04 and a twelve month high of $51.20. The firm has a 50-day moving average of $44.89 and a two-hundred day moving average of $45.33.

Analysts Set New Price Targets

A number of analysts recently weighed in on TRMLF shares. Scotiabank restated an “outperform” rating on shares of Tourmaline Oil in a report on Monday, October 19th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 10th. The Goldman Sachs Group cut Tourmaline Oil from a “buy” rating to a “sell” rating in a report on Thursday, October 1st. Desjardins upgraded Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.00.

About Tourmaline Oil

Tourmaline Oil Corp. is a Canadian natural gas and liquids producer focused on the exploration, development, and production of energy resources in the Western Canadian Sedimentary Basin. The company’s operations are concentrated in three core areas: the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River area of Alberta.

Tourmaline’s product portfolio includes natural gas, condensate, natural gas liquids, and crude oil. Its activities span land acquisition, drilling, well completion, production, processing, and infrastructure development, with an emphasis on developing large-scale, low-cost resource plays and delivering natural gas to Canadian and export markets.

Founded in 2008, Tourmaline has grown through exploration, development, and strategic acquisitions into one of Canada’s prominent natural gas producers.