Tourmaline Oil Corp. (OTCMKTS:TRMLF) Declares Dividend of $0.35

Tourmaline Oil Corp. (OTCMKTS:TRMLF) declared a dividend on Tuesday, March 11th, investing.com reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.3504 per share on Monday, March 31st. This represents a yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. This is a 44.1% increase from Tourmaline Oil’s previous dividend of $0.24.

Tourmaline Oil Price Performance

Shares of Tourmaline Oil stock traded up $0.37 during trading hours on Wednesday, reaching $45.02. The company’s stock had a trading volume of 90,348 shares, compared to its average volume of 88,136. The firm has a 50 day moving average price of $46.87 and a 200-day moving average price of $45.91. 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 stock has a market cap of $16.82 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. On average, analysts predict that Tourmaline Oil will post 2.52 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.