Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Update

Tourmaline Oil Corp. (OTCMKTS:TRMLF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 29,587,500 shares, a growth of 126.0% from the February 28th total of 13,091,200 shares. Based on an average daily volume of 120,300 shares, the short-interest ratio is presently 245.9 days. Currently, 7.9% of the shares of the company are short sold.

Tourmaline Oil Trading Down 0.9 %

Shares of Tourmaline Oil stock opened at $47.68 on Friday. Tourmaline Oil has a fifty-two week low of $36.93 and a fifty-two week high of $51.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $17.82 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.83 and a beta of -0.54. The company has a fifty day moving average of $46.85 and a 200 day moving average of $46.06.

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

Tourmaline Oil Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.3504 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 3.14%. This is a boost from Tourmaline Oil’s previous dividend of $0.24. Tourmaline Oil’s dividend payout ratio (DPR) is presently 54.12%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Desjardins lowered Tourmaline Oil from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 18th. Morgan Stanley reiterated a “cautious” rating on shares of Tourmaline Oil in a research note on Wednesday. Finally, Cormark upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.