Tourmaline Oil Corp. (OTCMKTS:TRMLF) Declares Dividend of $0.25

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Saturday, December 14th,investing.com reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.2486 per share on Tuesday, December 31st. This represents a dividend yield of 2.24%. The ex-dividend date is Monday, December 16th.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF traded down $0.74 during trading hours on Friday, reaching $44.43. 13,314 shares of the company were exchanged, compared to its average volume of 52,738. The stock has a market capitalization of $16.59 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.87 and a beta of -0.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 1 year low of $36.93 and a 1 year high of $51.15. The business’s 50 day simple moving average is $46.05 and its 200-day simple moving average is $45.51.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research note on Friday, October 18th.

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.