Tourmaline Oil (OTCMKTS:TRMLF) Upgraded to Moderate Buy at Raymond James

Raymond James upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF) to a moderate buy rating in a research note published on Monday morning,Zacks.com reports.

Several other research analysts have also weighed in on TRMLF. Cormark upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research note on Friday, March 7th. Morgan Stanley reaffirmed a “cautious” rating on shares of Tourmaline Oil in a research note on Wednesday, March 26th. Finally, Desjardins cut Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Tourmaline Oil Price Performance

TRMLF opened at $40.10 on Monday. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. 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 firm has a market capitalization of $14.98 billion, a P/E ratio of 12.38, a PEG ratio of 0.83 and a beta of -0.59. The stock has a fifty day moving average of $46.49 and a 200-day moving average of $46.17.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. Equities analysts forecast that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Tourmaline Oil Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.3504 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 3.14%. This is an increase from Tourmaline Oil’s previous dividend of $0.24. Tourmaline Oil’s dividend payout ratio (DPR) 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.