Tourmaline Oil (TRMLF) Projected to Post Quarterly Earnings on Wednesday

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

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last posted 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 firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.80 billion. Tourmaline Oil had a net margin of 21.16% and a return on equity of 8.30%. 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 Stock Down 1.5%

Shares of TRMLF traded down $0.66 during trading hours on Friday, reaching $44.78. The company's stock had a trading volume of 23,606 shares, compared to its average volume of 69,530. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 0.64 and a beta of -0.32. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $50.01. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $46.63 and a two-hundred day moving average of $46.24.

Tourmaline Oil Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a $0.3598 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 59.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRMLF. Raymond James Financial upgraded Tourmaline Oil to a "moderate buy" rating in a report on Monday, April 7th. CIBC reaffirmed an "outperform" rating on shares of Tourmaline Oil in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tourmaline Oil currently has a consensus 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.