Tourmaline Oil (OTCMKTS:TRMLF) Shares Up 1.9% - What's Next?

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) shares traded up 1.9% during mid-day trading on Wednesday . The stock traded as high as $48.57 and last traded at $48.57. 96,452 shares changed hands during trading, an increase of 8% from the average session volume of 89,455 shares. The stock had previously closed at $47.67.

Tourmaline Oil Price Performance

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 50-day simple moving average of $46.43 and a two-hundred day simple moving average of $45.80. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.83 and a beta of -0.56.

Tourmaline Oil Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.2486 per share. This represents a dividend yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil's dividend payout ratio (DPR) is 30.56%.

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.