Tourmaline Oil (OTCMKTS:TRMLF) Announces Earnings Results

Tourmaline Oil (OTCMKTS:TRMLF) released its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05), Zacks reports. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.59 billion.

Tourmaline Oil Trading Down 2.6 %

TRMLF stock opened at $44.07 on Friday. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company has a fifty day moving average price of $46.93 and a two-hundred day moving average price of $45.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01.

Tourmaline Oil Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.2486 per share. This represents a yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is 30.25%.

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.