Tourmaline Oil Corp. to Issue Dividend of $0.24 (OTCMKTS:TRMLF)

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) declared a dividend on Sunday, March 9th, investing.com reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.2431 per share on Tuesday, March 25th. This represents a yield of 2.19%. The ex-dividend date is Thursday, March 13th.

Tourmaline Oil Stock Down 1.7 %

Shares of Tourmaline Oil stock traded down $0.79 during trading on Thursday, hitting $45.40. 23,901 shares of the stock traded hands, compared to its average volume of 86,625. The company has a fifty day moving average price of $46.86 and a two-hundred day moving average price of $45.91. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The stock has a market cap of $16.97 billion, a P/E ratio of 14.01, a PEG ratio of 0.83 and a beta of -0.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. Equities research analysts predict that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Tourmaline Oil to a "moderate buy" rating in a report on Friday, March 7th.

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.