Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Up 1.9% - What's Next?

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) traded up 1.9% during trading on Monday . The company traded as high as $46.99 and last traded at $46.79. 12,036 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 67,950 shares. The stock had previously closed at $45.91.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRMLF. Cormark raised shares of Tourmaline Oil to a "moderate buy" rating in a research note on Friday, March 7th. Raymond James upgraded Tourmaline Oil to a "moderate buy" rating in a research note on Monday, April 7th. Morgan Stanley reaffirmed a "cautious" rating on shares of Tourmaline Oil in a research note on Wednesday, March 26th. Finally, Desjardins lowered Tourmaline Oil from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Tourmaline Oil Trading Down 0.4%

The company's 50 day simple moving average is $45.19 and its 200 day simple moving average is $45.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.83 and a beta of -0.50.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.68). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.80 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. As a group, research analysts expect that Tourmaline Oil Corp. will post 2.52 earnings per share for the current fiscal year.

Tourmaline Oil Cuts Dividend

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