Tourmaline Oil (OTCMKTS:TRMLF) Trading 1% Higher

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s stock price traded up 1% during trading on Tuesday . The stock traded as high as $48.47 and last traded at $48.43. 2,535 shares were traded during mid-day trading, a decline of 95% from the average session volume of 46,099 shares. The stock had previously closed at $47.96.

Tourmaline Oil Stock Up 1.0 %

The firm has a fifty day moving average of $45.62 and a 200 day moving average of $46.50. The stock has a market cap of $17.03 billion and a PE ratio of 13.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.08.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $1.22 billion for the quarter. Tourmaline Oil had a return on equity of 12.96% and a net margin of 29.60%.

Tourmaline Oil Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, March 14th. Tourmaline Oil’s dividend payout ratio is currently 19.89%.

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.