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

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given an average recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently issued reports on the stock. Raymond James Financial lowered shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. CIBC reaffirmed an “outperform” rating on shares of Tourmaline Oil in a report on Tuesday, June 24th.

Tourmaline Oil Stock Up 0.1%

Shares of OTCMKTS TRMLF opened at $42.13 on Tuesday. The stock has a fifty day moving average price of $45.94 and a 200 day moving average price of $45.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. Tourmaline Oil has a 12-month low of $38.85 and a 12-month high of $50.01. The company has a market cap of $16.30 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.60 and a beta of -0.33.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its 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 during the quarter, compared to analyst estimates of $1.84 billion. Tourmaline Oil had a return on equity of 9.90% and a net margin of 23.53%. Research analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.2534 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 242.0%. Tourmaline Oil’s payout ratio 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.