Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 30.9% in May

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 12,285,600 shares, an increase of 30.9% from the April 30th total of 9,384,400 shares. Approximately 3.3% of the company's shares are short sold. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is currently 132.4 days.

Analysts Set New Price Targets

TRMLF has been the topic of a number of analyst reports. Morgan Stanley reissued a "cautious" rating on shares of Tourmaline Oil in a research note on Wednesday, March 26th. Raymond James raised Tourmaline Oil to a "moderate buy" rating in a research note on Monday, April 7th. Desjardins downgraded Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Cormark raised Tourmaline Oil to a "moderate buy" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Tourmaline Oil Trading Down 0.3%

Tourmaline Oil stock traded down $0.12 during mid-day trading on Thursday, hitting $46.13. 9,672 shares of the company's stock were exchanged, compared to its average volume of 64,072. The firm has a market capitalization of $17.28 billion, a P/E ratio of 14.24, a PEG ratio of 0.83 and a beta of -0.50. Tourmaline Oil has a fifty-two week low of $36.93 and a fifty-two week high of $50.01. 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 company's 50 day simple moving average is $45.01 and its 200-day simple moving average is $45.86.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.68). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.80 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. On average, equities analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current year.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 26th. Investors of record on Friday, May 16th were paid a dividend of $0.2518 per share. This represents a yield of 2.22%. The ex-dividend date of this dividend was Thursday, May 15th. Tourmaline Oil's payout ratio is presently 57.20%.

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.