Tourmaline Oil (OTCMKTS:TRMLF) Trading 1% Higher

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s stock price rose 1% on Tuesday . The company traded as high as $48.47 and last traded at $48.43. Approximately 2,535 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 46,099 shares. The stock had previously closed at $47.96.

Tourmaline Oil Trading Up 1.0 %

The firm has a market capitalization of $17.03 billion and a price-to-earnings ratio of 13.02. The firm’s 50 day moving average is $45.62 and its 200 day moving average is $46.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.08.

Tourmaline Oil (OTCMKTS:TRMLF) last released its earnings results on Wednesday, March 6th. The company reported $1.47 EPS for the quarter. Tourmaline Oil had a net margin of 29.60% and a return on equity of 12.96%. The business had revenue of $1.22 billion during the quarter.

Tourmaline Oil Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 1.92%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 19.89%.

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.