Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 10,762,400 shares, a decrease of 65.7% from the September 15th total of 31,411,900 shares. Based on an average daily trading volume, of 155,800 shares, the days-to-cover ratio is currently 69.1 days.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research report on Thursday, August 1st.
Read Our Latest Report on TRMLF
Tourmaline Oil Price Performance
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 earnings per share for the quarter. Tourmaline Oil had a return on equity of 10.71% and a net margin of 25.15%. The business had revenue of $954.74 million during the quarter.
Tourmaline Oil Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $0.259 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.34%. Tourmaline Oil’s dividend payout ratio is presently 33.44%.
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.
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