Tourmaline Oil Corp. (OTCMKTS:TRMLF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $65.00.

Several research firms recently commented on TRMLF. Zacks Research raised shares of Tourmaline Oil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Tourmaline Oil in a research note on Friday, July 10th. Scotiabank reiterated an “outperform” rating on shares of Tourmaline Oil in a research report on Friday, July 17th. Finally, Desjardins raised shares of Tourmaline Oil to a “hold” rating in a report on Thursday, July 16th.

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 shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) 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 currently owned by hedge funds and other institutional investors.

Tourmaline Oil Trading Down 0.1%

TRMLF opened at $42.60 on Wednesday. Tourmaline Oil has a 52 week low of $41.25 and a 52 week high of $51.20. The stock has a market cap of $16.55 billion, a PE ratio of 59.17 and a beta of -0.24. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $44.40 and a 200-day moving average of $45.40.

Tourmaline Oil Company Profile

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.