Short Interest in Tourmaline Oil Corp. (OTCMKTS:TRMLF) Grows By 46.9%

Tourmaline Oil Corp. (OTCMKTS:TRMLF) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 31,411,900 shares, a growth of 46.9% from the August 31st total of 21,384,300 shares. Based on an average daily volume of 57,800 shares, the short-interest ratio is currently 543.5 days.

Tourmaline Oil Stock Up 3.7 %

Shares of TRMLF stock opened at $45.46 on Friday. Tourmaline Oil has a fifty-two week low of $36.93 and a fifty-two week high of $53.91. The stock’s 50-day simple moving average is $44.11 and its 200-day simple moving average is $46.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $16.00 billion and a PE ratio of 12.32.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $954.74 million for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.71%.

Tourmaline Oil Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.259 per share. This represents a dividend yield of 2.34%. The ex-dividend date was Friday, September 13th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 27.91%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Tourmaline Oil to a “moderate buy” rating in a report on Thursday, August 1st.

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.