Tourmaline Oil Corp. Announces Dividend of $0.25 (OTCMKTS:TRMLF)

Key Points

• Tourmaline Oil Corp. announced a dividend of $0.25 per share, scheduled for payment on August 20th, with an ex-dividend date of August 8th.
• The company's stock recently traded at $41.86, with a market capitalization of $16.19 billion and a PE ratio of 14.53.
• For the last quarter, Tourmaline reported earnings of $0.98 per share, exceeding analyst expectations of $0.66.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) announced a dividend on Saturday, August 2nd, investing.com reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.2534 per share on Wednesday, August 20th. This represents a dividend yield of 242.0%. The ex-dividend date is Friday, August 8th.

Tourmaline Oil Price Performance

Shares of OTCMKTS:TRMLF traded down $0.72 during trading on Friday, reaching $41.86. The company had a trading volume of 317,517 shares, compared to its average volume of 96,719. The firm's fifty day moving average is $46.42 and its 200 day moving average is $46.10. The firm has a market capitalization of $16.19 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.62 and a beta of -0.33. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $50.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.32. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, equities analysts forecast that Tourmaline Oil will post 2.52 EPS for the current year.

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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