Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $44.98, but opened at $43.10. Tourmaline Oil shares last traded at $44.91, with a volume of 3,760 shares traded.
Analyst Ratings Changes
A number of research analysts have commented on the company. Raymond James Financial cut Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. CIBC reiterated an "outperform" rating on shares of Tourmaline Oil in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Tourmaline Oil has a consensus rating of "Hold".
Check Out Our Latest Report on Tourmaline Oil
Tourmaline Oil Price Performance
The firm has a market capitalization of $17.09 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.63 and a beta of -0.33. The business has a fifty day moving average of $43.05 and a 200-day moving average of $44.95. 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 issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.32. Tourmaline Oil had a return on equity of 9.90% and a net margin of 23.53%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, sell-side analysts forecast that Tourmaline Oil Corp. will post 2.52 EPS for the current fiscal year.
Tourmaline Oil Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.362 per share. This is a boost from Tourmaline Oil's previous dividend of $0.25. The ex-dividend date is Monday, September 15th. This represents a dividend yield of 344.0%. Tourmaline Oil's payout ratio is currently 50.00%.
Tourmaline Oil Company Profile
(
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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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