Tourmaline Oil Corp. (OTCMKTS:TRMLF) Declares Dividend of $0.24

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Sunday, March 9th, investing.com reports. Investors of record on Friday, March 14th will be paid a dividend of 0.2431 per share on Tuesday, March 25th. This represents a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, March 13th.

Tourmaline Oil Trading Up 0.6 %

Shares of Tourmaline Oil stock opened at $44.32 on Monday. The stock has a market capitalization of $16.56 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $46.93 and a 200 day simple moving average of $45.93. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.59 billion. Research analysts expect that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

About Tourmaline Oil

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.