Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $65.00.
TRMLF has been the topic of a number of research analyst reports. Canaccord Genuity Group cut shares of Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 10th. 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. Zacks Research lowered shares of Tourmaline Oil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, Desjardins raised shares of Tourmaline Oil to a “hold” rating in a research report on Thursday, July 16th.
Check Out Our Latest Analysis on Tourmaline Oil
Tourmaline Oil Trading Down 0.7%
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.61. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tourmaline Oil had a return on equity of 9.05% and a net margin of 6.05%. As a group, equities research analysts expect that Tourmaline Oil will post 2.88 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.
See Also
- Five stocks we like better than Tourmaline Oil
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.
