Tourmaline Oil (TRMLF) Expected to Announce Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) is expected to post its results after the market closes on Wednesday, November 5th. Analysts expect Tourmaline Oil to post earnings of $0.69 per share and revenue of $1.1973 billion for the quarter.

Tourmaline Oil Stock Down 0.5%

Shares of OTCMKTS TRMLF opened at $43.74 on Tuesday. Tourmaline Oil has a one year low of $38.85 and a one year high of $50.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. The business’s fifty day moving average price is $43.45 and its 200-day moving average price is $44.62. The stock has a market capitalization of $16.93 billion, a PE ratio of 15.19, a P/E/G ratio of 0.75 and a beta of -0.31.

Tourmaline Oil Increases Dividend

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

Analyst Ratings Changes

TRMLF has been the topic of a number of recent research reports. Capital One Financial raised Tourmaline Oil to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial cut Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. TD Securities cut Tourmaline Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group initiated coverage on Tourmaline Oil in a report on Monday, October 13th. They set a “buy” rating on the stock. Finally, Zacks Research cut Tourmaline Oil from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

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.