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

Desjardins cut shares of Tourmaline Oil (OTCMKTS:TRMLF) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

Tourmaline Oil Stock Up 1.6 %

Shares of OTCMKTS:TRMLF opened at $46.74 on Tuesday. The business has a 50-day moving average price of $46.74 and a 200 day moving average price of $45.90. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.83 and a beta of -0.54.

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 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. Sell-side analysts expect that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.3504 dividend. This is a boost from Tourmaline Oil’s previous dividend of $0.24. This represents a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 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.