Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Down 5.1% – Should You Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLFGet Free Report) traded down 5.1% during trading on Thursday . The stock traded as low as $43.02 and last traded at $43.48. Approximately 1,430 shares traded hands during trading, a decline of 99% from the average daily volume of 225,394 shares. The stock had previously closed at $45.83.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TRMLF shares. Scotiabank reissued an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Tourmaline Oil in a report on Friday, July 10th. Desjardins upgraded Tourmaline Oil to a “hold” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

View Our Latest Report on Tourmaline Oil

Tourmaline Oil Stock Performance

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 firm’s fifty day moving average is $44.40 and its 200 day moving average is $45.53. The company has a market cap of $16.90 billion, a PE ratio of 60.40 and a beta of -0.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tourmaline Oil stock. Kahn Brothers Group Inc. bought a new stake in Tourmaline Oil Corp. (OTCMKTS:TRMLFFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,959 shares of the company’s stock, valued at approximately $1,127,000. 1.76% of the stock is owned by institutional investors and hedge funds.

About Tourmaline Oil

(Get Free Report)

Tourmaline Oil Corp. is a Canadian energy company engaged in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The company focuses primarily on unconventional resource plays and operates an integrated portfolio of drilling, processing and infrastructure assets.

Tourmaline’s operations are concentrated in the Western Canadian Sedimentary Basin, particularly in the Alberta Deep Basin, Northeast British Columbia and the Alberta Montney.

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