Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) was up 1.9% during trading on Monday . The company traded as high as $46.99 and last traded at $46.79. Approximately 12,036 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 67,950 shares. The stock had previously closed at $45.91.
Analyst Upgrades and Downgrades
A number of research analysts have commented on TRMLF shares. Cormark raised Tourmaline Oil to a "moderate buy" rating in a report on Friday, March 7th. Desjardins lowered Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. Raymond James raised Tourmaline Oil to a "moderate buy" rating in a report on Monday, April 7th. Finally, Morgan Stanley reiterated a "cautious" rating on shares of Tourmaline Oil in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Stock Report on TRMLF
Tourmaline Oil Trading Down 1.3%
The business has a 50-day moving average price of $45.13 and a two-hundred day moving average price of $45.84. The stock has a market capitalization of $16.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.83 and a beta of -0.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.68). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.80 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. On average, analysts expect that Tourmaline Oil Corp. will post 2.52 EPS for the current fiscal year.
Tourmaline Oil Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, May 26th. Stockholders of record on Friday, May 16th were given a dividend of $0.2518 per share. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 2.22%. Tourmaline Oil's payout ratio is 57.20%.
About Tourmaline Oil
(
Get Free Report)
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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