Tourmaline Oil (OTCMKTS:TRMLF) Shares Down 1.3% – Here’s Why

Tourmaline Oil Corp. (OTCMKTS:TRMLF) fell 1.3% during trading on Tuesday . The company traded as low as $45.98 and last traded at $46.32. 36,329 shares were traded during trading, a decline of 60% from the average session volume of 89,784 shares. The stock had previously closed at $46.91.

Analyst Ratings Changes

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

Tourmaline Oil Stock Performance

The stock’s fifty day simple moving average is $45.94 and its two-hundred day simple moving average is $45.32. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.82 and a beta of -0.56. 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 (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, November 6th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.18). Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Equities research analysts anticipate that Tourmaline Oil Corp. will post 2.51 EPS for the current year.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.2486 dividend. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is currently 30.56%.

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.