Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 36.4% in February

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 13,091,200 shares, a growth of 36.4% from the February 13th total of 9,596,100 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 133,100 shares, the short-interest ratio is currently 98.4 days.

Wall Street Analysts Forecast Growth

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

Tourmaline Oil Price Performance

Shares of TRMLF opened at $45.66 on Tuesday. The company has a market capitalization of $17.06 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $46.79 and a 200 day moving average of $45.89. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings results 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). 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 for the quarter, compared to the consensus estimate of $1.59 billion. As a group, equities research analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.3504 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 3.14%. This is a boost from Tourmaline Oil’s previous dividend of $0.24. Tourmaline Oil’s dividend payout ratio (DPR) is currently 38.43%.

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.