Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 46.9% in September

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 31,411,900 shares, a growth of 46.9% from the August 31st total of 21,384,300 shares. Based on an average daily volume of 57,800 shares, the short-interest ratio is currently 543.5 days.

Get Tourmaline Oil alerts:

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on Tourmaline Oil

Tourmaline Oil Price Performance

OTCMKTS TRMLF traded up $1.63 during trading hours on Friday, reaching $45.46. The company's stock had a trading volume of 110,743 shares, compared to its average volume of 41,684. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. Tourmaline Oil has a 1 year low of $36.93 and a 1 year high of $53.91. The firm's 50-day moving average price is $44.08 and its 200-day moving average price is $46.01. The company has a market capitalization of $16.00 billion and a price-to-earnings ratio of 11.88.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.53 EPS for the quarter. The business 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%.

Ad DTI

Massive shakeup in defense contracting

There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.

You need to check out the full story right here.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.259 per share. The ex-dividend date is Friday, September 13th. This represents a yield of 2.34%. Tourmaline Oil's dividend payout ratio (DPR) is currently 27.91%.

Tourmaline Oil Company Profile

(Get Free Report)

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.

→ These LIVE trade signals would have dished out how much money? (From DTI) (Ad)

Should you invest $1,000 in Tourmaline Oil right now?

Before you consider Tourmaline Oil, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tourmaline Oil wasn't on the list.

While Tourmaline Oil currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report