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

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. Shareholders of record on Monday, August 11th will be given a dividend of 0.2534 per share on Wednesday, August 20th. This represents a yield of 242.0%. The ex-dividend date is Friday, August 8th.

Tourmaline Oil Trading Down 0.1%

TRMLF stock traded down $0.05 during trading on Wednesday, reaching $42.04. The company had a trading volume of 168,226 shares, compared to its average volume of 72,912. Tourmaline Oil has a 52 week low of $38.85 and a 52 week high of $50.01. The company has a market cap of $16.26 billion, a P/E ratio of 14.60, a PEG ratio of 0.61 and a beta of -0.33. The business has a 50 day moving average of $46.24 and a 200 day moving average of $46.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.32. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.84 billion. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. As a group, sell-side analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMLF has been the subject of several recent research reports. Raymond James Financial lowered shares of Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. CIBC reaffirmed an "outperform" rating on shares of Tourmaline Oil in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold".

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.