Tourmaline Oil Corp reports results for the quarter ended September 30 - Earnings Summary

• Tourmaline Oil Corp TOU.TO reported quarterly adjusted earnings of C$1.64​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of ten analysts for the quarter was for earnings of 89 cents per share. Wall Street expected results to range from 71 cents to C$1.33 per share.

• Revenue fell 4.7% to C$1.32 billion from a year ago; analysts expected C$1.50 billion.

• Tourmaline Oil Corp's reported EPS for the quarter was C$1.64​.

• The company reported quarterly net income of C$641.51 million.

• Tourmaline Oil Corp shares had risen by 8.8% this quarter and gained 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Tourmaline Oil Corp is C$70.00, about 10% above its last closing price of C$63.00

This summary was machine generated from LSEG data November 5 at 12:52 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)