Tourmaline Oil Corp. (OTCMKTS:TRMLF) Announces Dividend of $0.35

Tourmaline Oil Corp. (OTCMKTS:TRMLF) declared a dividend on Tuesday, March 11th, investing.com reports. Investors of record on Monday, March 17th will be given a dividend of 0.3504 per share on Monday, March 31st. This represents a yield of 3.14%. The ex-dividend date is Friday, March 14th. This is a 44.1% increase from Tourmaline Oil’s previous dividend of $0.24.

Tourmaline Oil Price Performance

Shares of TRMLF traded up $0.37 during mid-day trading on Wednesday, hitting $45.02. The company’s stock had a trading volume of 90,348 shares, compared to its average volume of 88,136. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15. The firm has a market capitalization of $16.82 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.83 and a beta of -0.54. The firm has a 50-day simple moving average of $46.87 and a 200 day simple moving average of $45.91.

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

Wall Street Analyst Weigh In

Separately, Cormark raised Tourmaline Oil to a “moderate buy” rating in a report on Friday, March 7th.

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.