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

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been given an average rating of “Hold” by the three research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company.

A number of equities analysts have recently commented on TRMLF shares. Desjardins lowered shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Morgan Stanley reissued a “cautious” rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. Cormark raised Tourmaline Oil to a “moderate buy” rating in a research report on Friday, March 7th. Finally, Raymond James raised shares of Tourmaline Oil to a “moderate buy” rating in a research report on Monday.

Tourmaline Oil Price Performance

OTCMKTS:TRMLF opened at $40.10 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $46.49 and its 200 day moving average price is $46.17. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $51.15. The firm has a market cap of $14.98 billion, a P/E ratio of 12.38, a PEG ratio of 0.83 and a beta of -0.59.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings results 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 firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.59 billion. As a group, sell-side analysts predict that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.3504 dividend. This represents a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Tourmaline Oil’s previous dividend of $0.24. Tourmaline Oil’s payout ratio is currently 54.12%.

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.