Tourmaline Oil (OTCMKTS:TRMLF) Releases Earnings Results, Misses Expectations By $0.05 EPS

Tourmaline Oil (OTCMKTS:TRMLF) released its quarterly earnings results on Wednesday. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05), Zacks reports. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF traded up $0.21 during trading hours on Wednesday, reaching $45.26. 80,110 shares of the stock were exchanged, compared to its average volume of 87,969. The stock has a market capitalization of $16.91 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.83 and a beta of -0.54. The firm has a 50 day simple moving average of $46.89 and a 200-day simple moving average of $45.95. 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 52 week low of $36.93 and a 52 week high of $51.15.

Tourmaline Oil Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.2486 per share. This represents a yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s payout ratio is currently 30.25%.

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.