Tourmaline Oil Corp. (TRMLF) To Go Ex-Dividend on September 13th

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Saturday, September 7th, investing.com reports. Investors of record on Monday, September 16th will be given a dividend of 0.259 per share on Friday, September 27th. This represents a yield of 2.34%. The ex-dividend date of this dividend is Friday, September 13th.

Tourmaline Oil Stock Down 1.8 %

Shares of Tourmaline Oil stock opened at $42.80 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $15.08 billion and a PE ratio of 11.60. The business’s 50 day simple moving average is $44.38 and its 200 day simple moving average is $46.16. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $53.91.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.53 EPS for the quarter. The firm had revenue of $954.74 million for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.71%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a report on Thursday, August 1st.

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.