Tourmaline Oil (OTCMKTS:TRMLF) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05), Zacks reports. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.59 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF traded up $0.25 during trading hours on Friday, reaching $44.32. The stock had a trading volume of 109,543 shares, compared to its average volume of 87,983. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day simple moving average of $46.93 and a 200 day simple moving average of $45.93. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. The stock has a market cap of $16.56 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54.

Tourmaline Oil Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 14th will be given a $0.2431 dividend. This represents a yield of 2.19%. The ex-dividend date is Thursday, March 13th. Tourmaline Oil's dividend payout ratio is currently 30.25%.

About Tourmaline Oil

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.