Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 11,192,100 shares, a growth of 92.9% from the July 15th total of 5,803,500 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 476.3 days.
Tourmaline Oil Stock Performance
TRMLF traded up $0.61 during trading hours on Wednesday, hitting $45.34. 11,233 shares of the stock were exchanged, compared to its average volume of 33,847. The stock has a 50-day simple moving average of $44.89 and a 200-day simple moving average of $45.72. Tourmaline Oil has a 12 month low of $36.93 and a 12 month high of $53.91. The stock has a market cap of $15.98 billion and a price-to-earnings ratio of 12.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $954.74 million for the quarter. Tourmaline Oil had a return on equity of 10.71% and a net margin of 25.15%.
Tourmaline Oil Increases Dividend
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.
Check Out Our Latest Analysis on Tourmaline Oil
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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