Tourmaline Oil Corp. (OTCMKTS:TRMLF) Sees Significant Increase in Short Interest

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 12,422,100 shares, a growth of 51.9% from the October 15th total of 8,175,300 shares. Based on an average daily trading volume, of 80,800 shares, the short-interest ratio is presently 153.7 days.

Wall Street Analyst Weigh In

TRMLF has been the topic of several recent analyst reports. Cibc World Mkts upgraded shares of Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th. Royal Bank of Canada raised shares of Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.

Tourmaline Oil Stock Down 2.1 %

Tourmaline Oil stock traded down $0.95 during trading hours on Friday, hitting $44.39. 338,050 shares of the stock traded hands, compared to its average volume of 50,410. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15. The firm’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $45.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a market cap of $16.48 billion, a PE ratio of 13.70, a PEG ratio of 1.87 and a beta of -0.81.

Tourmaline Oil Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be given a dividend of $0.3606 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Tourmaline Oil’s previous dividend of $0.26. This represents a dividend yield of 3.16%. Tourmaline Oil’s payout ratio is currently 32.10%.

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.