Tourmaline Oil (OTCMKTS:TRMLF) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Posted by Brenda Bartman on Nov 5th, 2026

Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $45.49 and traded as low as $44.98. Tourmaline Oil shares last traded at $45.1198, with a volume of 181,068 shares changing hands.

Analysts Set New Price Targets

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

Get Our Latest Report on Tourmaline Oil

Tourmaline Oil Trading Down 4.6%

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.52 billion, a P/E ratio of 62.67 and a beta of -0.29. The firm’s 50-day simple moving average is $45.28 and its 200 day simple moving average is $45.49.

Hedge Funds Weigh In On Tourmaline Oil

An institutional investor recently bought a new stake in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new stake in Tourmaline Oil Corp. (OTCMKTS:TRMLF – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Tourmaline Oil Company Profile

(Get Free Report)

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.