Tourmaline Oil (OTCMKTS:TRMLF) Cut to “Hold” at Desjardins

Tourmaline Oil (OTCMKTS:TRMLF) was downgraded by analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Cormark upgraded shares of Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th.

Tourmaline Oil Stock Up 1.6 %

Shares of OTCMKTS:TRMLF opened at $46.74 on Tuesday. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $17.46 billion, a PE ratio of 14.43, a PEG ratio of 0.83 and a beta of -0.54. The company has a 50 day moving average price of $46.74 and a two-hundred day moving average price of $45.90.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. Analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current year.

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.