Tourmaline Oil (OTCMKTS:TRMLF) Rating Increased to Strong-Buy at Capital One Financial

Capital One Financial upgraded shares of Tourmaline Oil (OTCMKTS:TRMLF) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Zacks Research lowered Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. TD Securities lowered Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on shares of Tourmaline Oil in a report on Monday, October 13th. They set a “buy” rating on the stock. Finally, Raymond James Financial lowered shares of Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Tourmaline Oil Trading Down 0.1%

OTCMKTS TRMLF opened at $44.28 on Monday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.76 and a beta of -0.31. The business has a 50 day simple moving average of $43.22 and a 200 day simple moving average of $44.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. Tourmaline Oil has a one year low of $38.85 and a one year high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.32. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.84 billion. Research analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.362 per share. This represents a dividend yield of 344.0%. The ex-dividend date was Monday, September 15th. This is a positive change from Tourmaline Oil’s previous dividend of $0.25. Tourmaline Oil’s dividend payout ratio is currently 50.69%.

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.