Desjardins Downgrades Tourmaline Oil (OTCMKTS:TRMLF) to Hold

Tourmaline Oil (OTCMKTS:TRMLF) was downgraded by research analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Cormark upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research report on Friday, March 7th.

Tourmaline Oil Stock Up 1.6 %

Shares of OTCMKTS TRMLF opened at $46.74 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The firm has a 50-day moving average price of $46.74 and a 200 day moving average price of $45.90. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. Equities research analysts anticipate that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

About Tourmaline Oil

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.