Tourmaline Oil (OTCMKTS:TRMLF) Trading Up 0.4% – Here’s What Happened

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s stock price rose 0.4% during trading on Thursday . The company traded as high as $45.93 and last traded at $45.38. Approximately 152,076 shares were traded during mid-day trading, an increase of 184% from the average daily volume of 53,575 shares. The stock had previously closed at $45.19.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts raised shares of Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th.

Tourmaline Oil Trading Down 2.9 %

The stock has a fifty day moving average price of $46.39 and a 200 day moving average price of $45.71. The stock has a market cap of $16.46 billion, a PE ratio of 13.95, a PEG ratio of 1.87 and a beta of -0.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01.

Tourmaline Oil Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a dividend of $0.3606 per share. This represents a yield of 3.16%. This is a positive change from Tourmaline Oil’s previous dividend of $0.26. The ex-dividend date was Friday, November 15th. Tourmaline Oil’s payout ratio is presently 32.10%.

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.