Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 8,172,100 shares, a decline of 24.1% from the September 30th total of 10,762,400 shares. Based on an average daily volume of 214,400 shares, the days-to-cover ratio is currently 38.1 days.
Tourmaline Oil Stock Performance
Tourmaline Oil stock traded up $0.37 during midday trading on Friday, hitting $46.62. The stock had a trading volume of 47,936 shares, compared to its average volume of 48,974. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $16.41 billion and a PE ratio of 12.63. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $53.72. The firm's fifty day moving average is $45.43 and its two-hundred day moving average is $46.10.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.53 EPS for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.68%. The business had revenue of $954.74 million for the quarter. On average, research analysts forecast that Tourmaline Oil will post 3.1 EPS for the current year.
Tourmaline Oil Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a $0.259 dividend. This represents a dividend yield of 2.34%. The ex-dividend date was Friday, September 13th. Tourmaline Oil's dividend payout ratio is presently 27.91%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Cibc World Mkts upgraded Tourmaline Oil to a "strong-buy" rating in a research report on Friday, October 18th. Royal Bank of Canada raised Tourmaline Oil to a "moderate buy" rating in a research note on Thursday, August 1st.
View Our Latest Research Report on Tourmaline Oil
About Tourmaline Oil
(
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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.
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