Tourmaline Oil (OTCMKTS:TRMLF) Shares Up 1%

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report)'s stock price shot up 1% during trading on Monday . The company traded as high as $47.26 and last traded at $47.26. 9,502 shares traded hands during trading, a decline of 82% from the average session volume of 52,795 shares. The stock had previously closed at $46.80.

Tourmaline Oil Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The firm has a market cap of $16.60 billion and a price-to-earnings ratio of 12.70. The firm's 50 day simple moving average is $43.91 and its two-hundred day simple moving average is $46.78.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.47 earnings per share for the quarter. The company had revenue of $1.22 billion during the quarter. Tourmaline Oil had a net margin of 29.60% and a return on equity of 12.96%.

Tourmaline Oil Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 1.92%. Tourmaline Oil's payout ratio is 19.89%.

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.