Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report)'s share price fell 1.3% during trading on Tuesday . The stock traded as low as $45.98 and last traded at $46.32. 36,329 shares were traded during mid-day trading, a decline of 60% from the average session volume of 89,784 shares. The stock had previously closed at $46.91.
Wall Street Analyst Weigh In
Separately, Cibc World Mkts raised Tourmaline Oil to a "strong-buy" rating in a report on Friday, October 18th.
View Our Latest Analysis on Tourmaline Oil
Tourmaline Oil Stock Down 1.3 %
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $17.31 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.82 and a beta of -0.56. The company has a 50 day moving average of $45.97 and a 200-day moving average of $45.32.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.18). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.18 billion. On average, equities analysts predict that Tourmaline Oil Corp. will post 2.51 earnings per share for the current year.
Tourmaline Oil Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.2486 per share. This represents a yield of 2.24%. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil's dividend payout ratio (DPR) is 30.56%.
About Tourmaline Oil
(
Get Free Report)
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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