Tourmaline Oil Corp. (OTCMKTS:TRMLF) Raises Dividend to $0.35 Per Share

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 dividend 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 Trading Up 0.8 %

OTCMKTS TRMLF traded up $0.37 on Wednesday, reaching $45.02. The stock had a trading volume of 90,348 shares, compared to its average volume of 88,136. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $46.87 and a two-hundred day moving average price of $45.91. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.83 and a beta of -0.54.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. As a group, sell-side analysts forecast that Tourmaline Oil will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.