Short Interest in Tourmaline Oil Corp. (OTCMKTS:TRMLF) Grows By 36.4%

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 13,091,200 shares, an increase of 36.4% from the February 13th total of 9,596,100 shares. Based on an average daily volume of 133,100 shares, the days-to-cover ratio is presently 98.4 days. Approximately 3.5% of the shares of the stock are short sold.

Tourmaline Oil Price Performance

OTCMKTS TRMLF traded up $0.74 on Thursday, hitting $47.48. 29,791 shares of the company were exchanged, compared to its average volume of 83,881. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15. The firm has a 50 day moving average of $46.74 and a two-hundred day moving average of $45.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a market cap of $17.74 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.83 and a beta of -0.54.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. On average, equities analysts predict that Tourmaline Oil will post 2.52 EPS for the current year.

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Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.3504 dividend. This is a boost from Tourmaline Oil's previous dividend of $0.24. This represents a dividend yield of 3.14%. The ex-dividend date is Friday, March 14th. Tourmaline Oil's dividend payout ratio (DPR) is 54.12%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Cormark raised shares of Tourmaline Oil to a "moderate buy" rating in a report on Friday, March 7th. Desjardins cut Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Tuesday.

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.