Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Update

Tourmaline Oil Corp. (OTCMKTS:TRMLFGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 15,124,100 shares, a growth of 62.2% from the April 30th total of 9,322,200 shares. Based on an average trading volume of 50,000 shares, the days-to-cover ratio is currently 302.5 days.

Tourmaline Oil Stock Down 1.8 %

TRMLF stock opened at $48.24 on Thursday. The firm has a market cap of $16.96 billion and a PE ratio of 13.07. Tourmaline Oil has a 12 month low of $39.39 and a 12 month high of $53.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $47.92 and a 200 day simple moving average of $45.99.

Tourmaline Oil (OTCMKTS:TRMLFGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.51 EPS for the quarter. The firm had revenue of $969.72 million during the quarter. Tourmaline Oil had a net margin of 28.95% and a return on equity of 12.72%.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 9th were paid a $0.3632 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a yield of 3.03%. This is an increase from Tourmaline Oil’s previous dividend of $0.22. Tourmaline Oil’s payout ratio is 24.93%.

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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