Tourmaline Oil (TRMLF) to Release Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $1.84 billion for the quarter.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS 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 analysts' expectations of $1.80 billion. Tourmaline Oil had a return on equity of 8.30% and a net margin of 21.16%. 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 Price Performance

TRMLF stock traded down $0.66 during trading on Friday, reaching $44.78. 38,149 shares of the company were exchanged, compared to its average volume of 105,290. The company has a market cap of $17.32 billion, a P/E ratio of 18.43, a PEG ratio of 0.69 and a beta of -0.32. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $50.01. The stock's 50 day moving average price is $46.63 and its 200 day moving average price is $46.22. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a dividend of $0.3598 per share. The ex-dividend date was Monday, June 16th. This represents a yield of 2.95%. This is an increase from Tourmaline Oil's previous dividend of $0.25. Tourmaline Oil's payout ratio is currently 60.08%.

Analyst Ratings Changes

TRMLF has been the subject of a number of research reports. Raymond James Financial upgraded shares of Tourmaline Oil to a "moderate buy" rating in a research report on Monday, April 7th. CIBC restated an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.