Desjardins lowered shares of Tourmaline Oil (OTCMKTS:TRMLF - Free Report) from a moderate buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
Separately, Cormark upgraded shares of Tourmaline Oil to a "moderate buy" rating in a research report on Friday, March 7th.
Read Our Latest Research Report on Tourmaline Oil
Tourmaline Oil Price Performance
Shares of TRMLF stock traded up $0.51 during trading hours on Tuesday, hitting $48.11. The company had a trading volume of 6,443 shares, compared to its average volume of 81,494. Tourmaline Oil has a 12 month low of $36.93 and a 12 month high of $51.15. 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 firm's fifty day moving average is $46.76 and its 200 day moving average is $45.98. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.83 and a beta of -0.54.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.59 billion. On average, sell-side analysts predict that Tourmaline Oil will post 2.52 EPS for the current fiscal year.
Tourmaline Oil Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.3504 per share. This represents a dividend yield of 3.14%. This is an increase from Tourmaline Oil's previous dividend of $0.24. The ex-dividend date is Friday, March 14th. Tourmaline Oil's payout ratio is 54.12%.
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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