Tourmaline Oil (OTCMKTS:TRMLF) Downgraded by Desjardins to Hold

Tourmaline Oil (OTCMKTS:TRMLF) was downgraded by equities research 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 Performance

OTCMKTS:TRMLF opened at $46.74 on Tuesday. The firm has a 50 day simple moving average of $46.74 and a 200-day simple moving average of $45.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $17.46 billion, a PE ratio of 14.43, a P/E/G ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15.

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

About Tourmaline Oil

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.