Tourmaline Oil Corp. (OTCMKTS:TRMLF) to Issue Dividend of $0.24

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Sunday, March 9th, investing.com reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.2431 per share on Tuesday, March 25th. This represents a yield of 2.19%. The ex-dividend date of this dividend is Thursday, March 13th.

Tourmaline Oil Stock Performance

Shares of OTCMKTS:TRMLF opened at $44.65 on Tuesday. The stock has a market capitalization of $16.68 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $46.89 and a two-hundred day moving average price of $45.92.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. Equities analysts predict that Tourmaline Oil will post 2.52 earnings per share for the current year.

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.