Tourmaline Oil (TRMLF) Expected to Announce Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) is projected to post its quarterly earnings results on Wednesday, May 7th. Analysts expect Tourmaline Oil to post earnings of $1.13 per share and revenue of $1.80 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.59 billion. Tourmaline Oil had a net margin of 27.12% and a return on equity of 11.06%. On average, analysts expect Tourmaline Oil to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Tourmaline Oil Trading Up 1.3 %

Shares of Tourmaline Oil stock traded up $0.57 on Monday, reaching $44.37. The company had a trading volume of 10,931 shares, compared to its average volume of 69,151. The firm's 50 day moving average price is $45.21 and its two-hundred day moving average price is $45.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $51.15. The firm has a market cap of $16.62 billion, a PE ratio of 13.69, a PEG ratio of 0.83 and a beta of -0.50.

Tourmaline Oil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.3504 dividend. This is a positive change from Tourmaline Oil's previous dividend of $0.24. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 3.14%. Tourmaline Oil's payout ratio is presently 54.12%.

Analyst Upgrades and Downgrades

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

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.